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The beautiful city of Finland offers a satisfactory life to its residents and expats, making it an alluring destination for people around the world. Students and job seekers frequently move to this country for its great quality of life and career opportunities. If you plan to move to Finland, then make sure you are aware of its living expenses. In this blog, we will discuss in detail the cost of living in Finland. You will learn about the various expenses in the nation, such as transportation costs, utility bills, monthly rent, grocery prices, and more. So, let’s start our discussion without any delay.
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Why Choose Finland to Study Abroad?
Finland frequently attracts students from every corner of the world due to its unmatched education system and student environment. Here are the major reasons why you should choose Finland as your study-abroad destination:
Job Opportunities for Students: The thriving job market and cooperation of universities in Finland that students to conveniently find employment after graduation.
High Standard of Live: Finland is known for offering high standards of living, making it an ideal place to study, work, or retire.
Post-Study Visa: International students are granted a 1-year post-study visa after graduation in the country to cover their stay while they search for employment.
Also Read: Cost of Living in North Bay Ontario: A 2024 Guide on Expected Expenses
Cost of Living in Finland
The estimated monthly cost of an individual is €3,344.4 without rent in Finland, while it is €919.9 for a family of four without rent. Let’s look at the complete breakdown of the cost of living in Finland.
Transportation
The transportation costs in Finland are shown in the table given below:
| Price of a One-way Ticket for Local Transport | €3.10 |
| Regular Price of Monthly Pass | €59.00 |
| Cost of Taxi Start (Normal Tariff) | €7.00 |
| Cost of Taxi 1 km (Normal Tariff) | €1.50 |
| Cost of Taxi 1 hour Waiting (Normal Tariff) | €50.00 |
Grocery Expenses
The table below lists the average grocery prices in Finland:
| Price of 1 litre Milk (regular) | €1.06 |
| Price of 1 kg Rice (white) | €2.35 |
| Price of Eggs (regular) (12) | €2.88 |
| Cost of Loaf of Fresh White Bread (500g) | €2.37 |
Restaurant Costs
The table below demonstrates the average restaurant expenses you can expect to bear in the country:
| Price of Meal at an Inexpensive Restaurant | €13.00 |
| Price of Meal for 2 People, Mid-range Restaurant, Three-course | €80.00 |
Utility Costs
Here are the average utility expenses in Finland:
| Basic Utility Cost (Heating, Electricity, Cooling, Water, and Garbage) for 85m2 Apartment | €120.91 |
| Monthly Plan of Mobile Phone with Calls and 10GB+ Data | €26.46 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | €21.02 |
Housing Costs
Have a look at the housing costs in the country:
| Monthly Rent for a 1-bedroom Apartment in the City Centre | €784.70 |
| Monthly Rent for a 1-bedroom Apartment Outside of the Centre | €640.85 |
| Monthly Rent for a 3-bedroom Apartment in the City Centre | €1,315.56 |
| Monthly Rent for a 3-bedroom Apartment Outside of the Centre | €1,014.60 |
| The price per Square Meter to Buy an Apartment in the City Centre | €5,133.61 |
| The Price per Square Meter to Buy an Apartment Outside of Centre | €3,471.42 |
Also Read: Cost of Living in Rotorua New Zealand: A 2024 Guide on Expected Expenses
Average Tuition Fees in Finland
Now that you know the cost of living in Finland, let’s look at its educational expenses. See the table below to learn about the average tuition costs charged by the universities in the country.
| Average Annual Tuition Fees for Undergraduate Courses | €4,000 – €18,000 |
| Average Annual Tuition Fees for Postgraduate Courses | €4,000 – €18,000 |
| Average Annual Tuition Fees for PhD Courses | No Tuition Fees |
Things to Know When Moving to Finland
There are certain significant aspects of Finland that you need to be aware of before you move there. So, here are some things you should know before moving to Finland:
A Happy and Safe Country: Finland is not only among the happiest places in the world to live but also among the safest. The crime rate in the country is very low.
Lack of Hierarchy: Finland has a lack of hierarchy and division of workers. Employees with different positions typically work together here.
Locals Are Fluent in English: The majority of the Finns speak English as a second language, and 70% of the population is fluent in it.
Excellent Healthcare System: Finland’s Healthcare is inexpensive and accessible. So, expats don’t have to break the bank to receive medical support.
Relevant Reads:
FAQs
Answer: Finland is one of the most expensive countries in Europe. However, the high salary offered in the country easily compensates for the high costs of living.
Answer: The average annual salary in Finland is €45,684. If you earn this much or more, you can live comfortably in the country.
Answer: Yes, 70% of Finns can speak English fluently.
So, this was all about the cost of living in Finland. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.
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