What is the cost of living in Finland?

Finland, “the land of a thousand lakes,” welcomes hundreds of digital nomads every year.

Digital nomads living in Finland have a living cost of $1423 per month.

For a two-child family, the cost of living in Finland is $3314.

The average cost of living in Finland is 1.52 more expensive than the world’s average cost of living and 33% cheaper than in the United States.

If you lived in the USA instead of Finland, you would pay 1% more for restaurants, 50% more for groceries, 2.1 times more for housing, and 14% less for transportation.

Similarly, If you lived in the UK instead of Finland, you would pay 8.5% less for restaurants, 10% more for groceries, 4% more for transportation, and 50% more for accommodation. 

The average salary in Finland is estimated to be $2505, which covers living expenses in Finland for 1.8 months.

By European standards, it wouldn’t be wrong to say that the cost of living in Finland is high. 

Cost of accommodation in Finland

The cost of housing in Helsinki and urban areas is undeniably higher than in other cities in Finland.

On average, $710 will be enough to cover housing expenses in Finland. 

Apartment rental prices in Finland can go up to $722 for a 1-bedroom apartment and $1272 for a 3-bedroom apartment in city areas.

Meanwhile, you will be expected to pay around $585 for a cheap 1-bedroom apartment and $967 for a 3-bedroom apartment.

In a decent location, you can rent a studio of around 30 per square meter for $685. 

When it comes to buying houses and property in Finland, expect to pay $188,600.

The average house price in Helsinki is $1,313 per square meter and $410 in Vantaa. 

Cost of food in Finland

The cost of food in Finland is arguably higher than in many other European countries.

For the food budget, expats and digital nomads must allocate at least $480 per month. 

The average price for a meal for a single person at a decent restaurant is approximately $12.40, and $50 at an upscale restaurant.

Cooking at home and dining out occasionally is most recommended for those who wish to save money. 

A loaf of bread costs $2.08, a liter of milk costs about $1 and beer in a Pub costs $6.

You can buy fruits and vegetables per kilogram for less than $5. 

Cost of transportation in Finland

The transportation system in Finland is considered one of the best in the world.

The average cost of transportation in Finland is approximately $85. 

A bus ride between the busiest cities can cost anywhere from $10 to $30, and a monthly public transit pass costs about $55.

If you care to take a taxi, the price per kilometer is approximately $1.5. 

Should you decide to buy a new car in Finland, you will have to pay at least $25000.

For example, the cost of a Toyota Corolla is $25,645.

The price of one liter of gasoline is $2.27