The average salary in Finland: comparisons and outsourcing

In this blog, we will delvelop deep into understanding the Finnish salary ecosystem. We'll cover broad indexes like the average and minimum wages, and we'll also touch on a few factors influential in shaping this system.

Statistics and Trends Aroun Finland's Average Salary:
Finland's salary structure is quite intriguing. Despite its relatively small population, it performs exceptionally well in terms of wage metrics. Gaining an understanding of the average salary in Finland can be advantageous for both businesses and individuals.

The Cost of Living in Finland:
Understanding the cost of living in Finland is essential when considering the average salary in Finland. The cost of living varies from city to city but in general, Finland is considered as one of the more expensive countries in Europe. This is in line with the high standard of living and the comprehensive social security system that the country provides for its residents.

Helsinki, the nation's capital, is the most expensive city. However, alongside the higher cost of living is also a higher average salary. According to Numbeo, as of 2022, a single person's monthly costs without rent in Helsinki is around €950, while a family of four would require around €3300 excluding rent.

On the other hand, cities like Tampere, Turku, and Oulu are considered more affordable. Whether moving to Finland for work, considering outsourcing, or even debating a lifestyle switch, the crucial point is to ensure that the salary matches the cost of living in your targeted city.

It's also important to take note of the comprehensive benefits provided by the Finnish system like healthcare, education, and child benefits which could offset the otherwise high cost of living. Despite the seemingly high cost, Finland's quality of life is ranked high globally, making it a valuable place to live, work or outsource to.