Average Salary in Finland

Written by Luis Minvielle Moderated by Oleksandra Dosii

Luis Minvielle

Luis is a writer with over 5 years of experience in B2B software. Even though he has always worked in tech, a sector he regularly publishes about, his initial incursions into writing were, curiously enough, music essays discussing scenes from different parts of the world—most likely to deal with his unfulfilled ambition of becoming a neo-soul crooner.

Oleksandra Dosii

Oleksandra is a dedicated marketer with a passion for growing HR-tech products. She believes content marketing is about delivering high-quality content that provides value—not just generating leads. Since 2016, Oleksandra has been involved in tech talent relocation.

Last update: October 8, 2024

Next update: Scheduled for February 1, 2025

What is the average salary in Finland?

In 2024, the gross average salary in Finland was €48,384 per year or €4,032 per month. This amounts to around $53,200 and about £41,200. Considering the total number of working days in a year, the average worker earns approximately €180 a day and about €22.5 per hour.

When compared to other European countries, Finland's average salary is above the EU standard of €28,217. This salary information comes from the latest data released by Statistics Finland. The average monthly earnings of €4,032 reflect an increase from 2023, when the average salary was €3,884 per month. Some sources report lower estimates annually, but these may not account for the recent upward trend in wages.

*We are using a standard of 8 hours per day to calculate the hourly rate.

What is the average salary in Helsinki?

The average salary in Helsinki is €51,000 a year or €4,250 per month before taxes. Using our tax calculator, we find that the average worker in Helsinki receives around €36,630 per year after taxes. Helsinki is an attractive city to live and work as an expat. In fact, it ranked second in Forbes’ 2023 worldwide work-life balance index.

What is the minimum wage in Finland?

Finland does not have a statutory minimum wage. On the contrary, wages are generally determined through collective agreements between employers and trade unions. Still, as a guideline, the average salary for low-wage jobs typically starts at around €1,500 per month, which is equal to an annual income of about €18,000. This non-official minimum wage is higher than in many Eastern European countries but comparable to other Nordic countries.

Finland is recognised for its strong labour protections and active unions. The country — and not only Helsinki — is also known for offering a great work-life balance, with many employees working under 40 hours per week.

What is a good salary in Finland?

A good salary in Finland varies depending on the region. In general, earning around €40,000 is considered a good income for a single person living in Finland. This amount is above the national average and should be enough for a comfortable lifestyle in both urban and rural areas.

For context, the cost of living in Helsinki, the second most expensive district in Finland after the nearby Espoo, is approximately €2,300 per month, including rent. If you were earning €40,000, you would have about €1,100 left after paying your monthly expenses. Still, many locals suggest aiming for €45,000 to €55,000 for a more comfortable standard of living, especially if you want to live in a major city.

Average salary after tax in Finland

With an average gross salary of €48,384 in Finland, and applying the progressive tax system, the net salary would be approximately €35,000 per year. Yet, it is recommended that you check the official taxation administration for more in-depth rules and regulations, as Finnish taxation for foreigners is not particularly straightforward. For more information about tax rates, you can also visit Taxes in Finland or use our Tax Calculator.

What are the highest-paying jobs in Finland?

Looking at the most common professions for expats and locals working in Finland, here are some average salary figures as of 2024 (Source: Payscale):

• Software Engineer: €46,741
• IT Project Manager: €70,750
• Marketing Manager: €46,394
• Data Analyst: €43,778
• IT Business Analyst: €50,050
• HR Manager: €64,709
• UX Designer: €44,248
• Customer Support Specialist: €37,144

Average salary comparison by country