Finland is a popular destination for expats, known for its high quality of life, beautiful nature, and innovative culture. If you’re considering a move to Finland, here is some information to help you prepare:
Cost of living in Finland
The cost of living in Finland is generally higher than in many other European countries, particularly in the capital city of Helsinki. However, salaries are also relatively high to match the increased cost of living.
Wages and salary in Finland
The average monthly salary in Finland is around €3,500, with variations depending on your industry and experience level.
Housing costs in Finland
Housing costs in Finland vary depending on the location and size of the property. Renting a one-bedroom apartment in Helsinki can cost around €800-€1,500 per month, while buying an apartment can range from €3,000-€5,000 per square meter in the city center.
Cost of domestic bills in Finland
The cost of domestic bills, such as electricity, water, and heating, is relatively high in Finland. The average monthly cost for a family of four can range from €200-€400, depending on usage and location.
Healthcare costs in Finland
Healthcare in Finland is publicly funded and affordable. Expats may be required to pay a small fee for some medical services, but overall, healthcare costs are relatively low.
Childcare costs in Finland
Childcare in Finland is affordable and of high quality. Publicly funded childcare is available for all children from the age of one, and the maximum fee for daycare is capped at €290 per month.
Study costs in Finland
Finland is known for its excellent education system, and studying in Finland can be affordable, particularly for EU citizens. Tuition fees for international students vary depending on the university and program, but they are generally lower than in many other European countries.
The cost of food and drink in Finland
The cost of food and drink in Finland is generally higher than in many other European countries, but it’s possible to find affordable options. Eating out can be expensive, with a mid-range restaurant meal costing around €15-€20.
Transport costs in Finland
Public transport in Finland is generally reliable and affordable. The cost of a single ticket in Helsinki is €2.80, while a monthly pass costs around €60-€80. Owning a car can be expensive, with high taxes and fuel prices.
Leisure activities in Finland
Finland is known for its beautiful natural scenery and outdoor activities, such as hiking, skiing, and snowboarding. There are also plenty of cultural activities to enjoy, such as museums and galleries.
Taxation and social security in Finland
Taxation in Finland is relatively high, with a progressive income tax system that ranges from 0% to 31.25%. However, social security benefits, such as healthcare and education, are publicly funded and of high quality.
Assistance with living costs in Finland
Expats may be eligible for social benefits, such as housing and unemployment benefits, depending on their circumstances. It’s important to research your eligibility and the application process before moving to Finland.