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Cost of living in Finland

Finland is 18% cheaper than the US, ranking #27 of 203 countries we cover for cost of living.

World Bank data through 2024 · last reviewed 2026-06.

Cost of living · US = 100
82.5
Ranks #27 of 203 · 18% cheaper than the US
GDP / capita (PPP)
$65,378
GNI / capita (PPP)
$65,640
Inflation · YoY
1.6%
Population
5.6M
Capital
Helsinki
Density
18 /km²
Urban
74%
Area
338.5K km²

What drives the cost here

Price levels by category, where the world average = 100. Above 100 is pricier than the global norm; below it is cheaper.

In Finland, housing & utilities is the priciest category relative to the world (198), while communication is the most affordable (123).

Housing & utilities 198
Restaurants & hotels 176
Transport 164
Health 158
Food & groceries 133
Communication 123

Category price levels: World Bank ICP 2021 (world average = 100) · source

Finland on the map

What your money is worth here

A $100,000 US lifestyle would cost roughly $82,500 in Finland.

Quality of life

96/100 · #18 of 198

Beyond cost — health, safety, and connectivity. The score is a transparent, equal-weight composite of the verified metrics below (see methodology).

Quality-of-life score
96 / 100
Our transparent equal-weight composite
Life expectancy
82 yrs
World Bank · 2024 · source
Safety · homicide /100k
1.0
UNODC · 2023 · source
Infant mortality /1k
2
World Bank · 2024 · source
Internet users
94%
ITU · 2024 · source
Safe drinking water
100%
WHO/UNICEF · 2024 · source
Air quality · PM2.5
5 µg/m³
WHO · 2020 · source

About Finland

Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, Finland successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union, albeit with some loss of territory. During the next half-century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per-capita income is among the highest in Western Europe.

Read the full background

A member of the EU since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high-quality education, promotion of equality, and a national social welfare system, although the system is currently facing the challenges of an aging population and the fluctuations of an export-driven economy. Following Russia's invasion of Ukraine in 2022, Finland opted to join NATO; it became the organization's 31st member in April 2023.

Background from the CIA World Factbook (public domain), archived 2026-06-03.

Frequently asked

Is Finland expensive to live in?

Finland is 18% cheaper than the US, ranking #27 of the 203 countries we track. Its most expensive category relative to the world is housing & utilities; communication costs the least.

How much money do you need to live in Finland?

A lifestyle that costs $100,000 in the United States would cost roughly $82,500 in Finland, going by overall price levels. The salary translator turns your own figure into a local equivalent.

Is Finland cheaper than the United States?

Yes. Its overall price level is 82.5, against 100 for the United States.

What is the quality of life in Finland?

Finland scores 96 out of 100 on our quality-of-life index (#18 of 198), a composite of life expectancy, safety, health, and connectivity, with life expectancy around 82 years.

Every number, sourced.

We cite the exact source and year for each figure. Derived values are computed at build time, never hand-entered.

Price level index (US = 100)
Derived: nominal ÷ PPP GDP per capita, indexed to the US
82.5
GDP per capita (PPP)
World Bank · 2024 · source
$65,378
GNI per capita (PPP)
World Bank · 2024 · source
$65,640
Inflation (annual %)
World Bank · 2024 · source
1.6%
Population
World Bank · 2024 · source
5.6M
Population density
World Bank · 2023 · source
18 /km²
Urban population
World Bank · 2024 · source
74%
Surface area
World Bank · 2023 · source
338.5K km²

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