Finland is in Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, and Gulf of Finland, between Sweden and Russia. The climate is cold temperate and potentially subarctic but comparatively mild because of moderating influence of the North Atlantic Current, Baltic Sea, and more than 60,000 lakes. The official languages are Finnish and Swedish (which is the mother tongue of 6% of the population). There are Lapp- and Russian-speaking minorities, while English and German are widely spoken. The main religion is Christianity. The economy of Finland is a highly industrialized, free-market economy with a per capita output equal to that of other western economies such as France, Germany, Sweden or the United Kingdom. The largest sector of the economy is services at 65.7 percent, followed by manufacturing and refining at 31.4 percent. Finns usually avoid small talk during business engagements, communicate in a direct manner and like to attend to business right away. Finnish does not have a word that directly translates to ‘please', and may at times forget to use it while speaking in English. Finns are generally a quiet people, and are comfortable with long silences in conversation. Finnish business dress tends to be formal. Men and women typically wear dark suits in the winter and light ones in the summer, however this can vary from one company to another. The security risk for expatriates in Finland is low. Risk is mainly driving in winter. The currency of Finland is the Euro (EUR). Banking is on a par with that of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. Organs, tissues and cells may be removed in Finland for the treatment of another person if it can be assumed that the deceased has not / would not have objected to the measure when alive. The population of Finland is 5.5 Million (2019 est.), while the inflation rate (CPI) is 0.9% for Finland as at September 2019. Xpatulator Hypothetical Tax for Finland is based on the current personal income tax rates which are progressive up to 31.25%. Within Finland we also cover Helsinki.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Finland is as follows: Finland as at 1 November 2019 is high in comparison to other places in the world. 1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$890. Average price in a store for a midrange bottle of wine is USD$13.23, domestic/local beer (500ml) USD$2.31, imported/international beer (330ml) USD$2.84 and a pack of 20 cigarettes is USD$7.88. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1070. Average price for an international brand of mens jeans is USD$94, a quality international brand of running shoes USD$93, mens leather shoes suitable for office wear USD$128 while a medium size international summer dress from a global chain store is USD$36. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$146. Average price for a monthly standard plan internet subscription is USD$26, while the benchmark mobile tariff is USD$0.07 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$25500. Average annual private international school fee (excluding extras) USD$16,517 for Primary School, and USD$18,381 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$2925. Average price for a 6kg front loader Washing Machine is USD$828, and USD$710 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$690. Average grocery prices in a major international retail store for 1 kg apples is USD$2.14, 1 kg oranges USD$1.97, 1 head lettuce USD$1.90, 1 kg potatos USD$0.95, 1 kg boneless, skinless, chicken breast USD$10.28, 1 kg cheddar cheese USD$6.77, 1 dozen large eggs USD$2.01, 500g loaf white bread USD$2.04, 1 L full cream milk USD$1.02, and 1.5 L water USD$1.45. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$690. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$56, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,729. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2100. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$2,096 in a central location, and USD$1,340 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$575. Average price for dry cleaning (1 mens 2 pc suit) is USD$11.16, while an international newspaper is USD$3.43. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$295. Average cost for a mens haircut and blow dry is USD$24, while a womens hair colour, cut and blow dry - medium length is USD$118. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$415. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$14.33, and an international fitness, recreation or sports club membership cost for one adult is USD$40 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$890. Average cappuccino price (regular, medium) is USD$3.75, coke/pepsi (330ml) USD$2.66, burger meal (international franchise or similar) USD$8.82, and a mid-range international restaurant meal for 2 USD$66.13. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$1300. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.69, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$26,454. Finland is -7.5% cheaper than USA for groceries, -20.7% cheaper for household costs than UK, and 228.9% more expensive for transport costs than India. The hardship premium for Finland for an expat from Australia, is for example 0%, i.e. host location (Finland) premium of 10% minus home (Australia) location premium of 10%. Finland is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Finland? Register subscribe to your home location and Finland and run your personalised reports.