Finland, with its capital in Helsinki, is home to approximately 5.5 million people as of 2025. The country operates on the Euro (€) and recognizes Finnish and Swedish as its official languages. With an estimated GDP of $319.989 billion in 2025 and a GDP per capita of around €48,000 in 2024, Finland boasts a stable and growing economy. The average monthly income has steadily increased by 2% annually, reaching €4,032 in 2025. Meanwhile, the cost of living in Finland stands at €4,000 per month, with housing being the largest expense at €1,200, followed by food (€600) and transportation (€300). Although living costs have generally risen over the years, 2025 saw a slight decline in housing and food expenses. These economic indicators highlight Finland’s strong financial environment, making it an attractive place to live and work.
Let’s take an in-depth look at Finland’s economy, income levels, and living costs from 2010 to 2025. Get detailed insights on rent, food, and other expense.
Note: The average monthly income figures are estimates based on historical wage growth trends.
Living Cost Per Month (2010-2025)
Year
Living Cost (€)
Growth (%)
2010
2,000
–
2011
2,060
3.0%
2012
2,122
3.0%
2013
2,185
3.0%
2014
2,251
3.0%
2015
2,318
3.0%
2016
2,387
3.0%
2017
2,459
3.0%
2018
2,533
3.0%
2019
2,609
3.0%
2020
2,688
3.0%
2021
2,768
3.0%
2022
2,851
3.0%
2023
2,936
3.0%
2024
3,024
3.0%
2025
3,000
-0.8%
Housing Cost Per Month (2010-2025)
Year
Housing Cost (€)
Growth (%)
2010
800
–
2011
824
3.0%
2012
849
3.0%
2013
874
3.0%
2014
900
3.0%
2015
927
3.0%
2016
955
3.0%
2017
983
3.0%
2018
1,013
3.0%
2019
1,043
3.0%
2020
1,074
3.0%
2021
1,106
3.0%
2022
1,139
3.0%
2023
1,173
3.0%
2024
1,208
3.0%
2025
1,200
-0.7%
Food Cost Per Month (2010-2025)
Year
Food Cost (€)
Growth (%)
2010
400
–
2011
412
3.0%
2012
424
3.0%
2013
437
3.0%
2014
450
3.0%
2015
464
3.0%
2016
478
3.0%
2017
492
3.0%
2018
507
3.0%
2019
522
3.0%
2020
538
3.0%
2021
554
3.0%
2022
571
3.0%
2023
588
3.0%
2024
606
3.0%
2025
600
-1.0%
Conclusion
Finland remains one of the most stable economies in Europe, with a high average income and a well-balanced cost of living. The country has experienced steady wage growth, but inflation and rising housing costs have impacted affordability in urban areas like Helsinki, Espoo, and Tampere. Despite this, public services, healthcare, and social security remain strong, contributing to a high quality of life.
Key Takeaways:
Average monthly income projected to be €4,032 in 2025
Living costs have increased by over 50% since 2010
Housing remains a major expense, accounting for 30-40% of monthly costs
Inflation peaked at 3.5% in 2022 but is expected to stabilize around 2.7% in 2025
Finland offers strong public services that balance the high cost of living
