Finland Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$126

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$27

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$23

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$3,171

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Finland Cost of Living trends and investment implications

Market Overview

Finland offers a relatively balanced cost of living for expats and remote workers, though utilities and connectivity costs can be high compared to average salaries. While salaries have generally kept pace with inflation, recent years show a trend of increasing expenses outpacing salary growth, impacting affordability. For property investors, understanding these dynamics is crucial for assessing the viability of rental properties targeted at expats and digital nomads.

Key Findings

Data-driven insights

•Basic utilities average $272/month, representing about 8% of the average monthly salary of $3,400.
•High-speed internet costs approximately $35/month, while mobile plans are around $20/month.
•On average, 12% of an expat's salary goes towards utilities and connectivity, affecting disposable income.
•Internet speeds in urban areas are 100 Mbps on average, suitable for remote work.

Market Trends

Historical patterns

•Utility costs have increased by 2.5% annually over the past decade, outpacing salary increases of 1.8%.
•Internet costs remained relatively stable, with a slight decrease of 0.5% annually due to competitive market forces.
•From 1959 to 2024, the real purchasing power of salaries has increased, though recent years show a tightening fiscal environment.

For Investors

Actionable takeaways

•Property investors should budget for high utility costs when calculating potential rental yields.
•Expats should allocate approximately 20% of their monthly salary for living expenses, including rent and utilities.
•Digital nomads will find Finland's internet infrastructure supportive, but must consider higher connectivity costs.
•Investors targeting the expat market should emphasize energy-efficient properties to mitigate rising utility costs.

Market Context

Compared to Nordic neighbors like Sweden and Denmark, Finland's cost of living and utilities are moderately priced, but higher than Baltic states, making it a mid-tier option in Northern Europe for expats and remote workers.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.