Average Salary in Finland 2024

Are you curious about the salary trends in Finland? This article provides comprehensive insights into various aspects such as pay scales, wage gaps, yearly increments, and breakdowns based on education levels and years of experience. Discover valuable information to understand how salaries differ across industries and professions in Finland, enabling you to make informed decisions for your career growth. Stay up-to-date with the latest salary data and bridge the gap between expectation and reality.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Finland in 2024?

What is the average salary in Finland in 2024?
4,000EUR
(EUR 47,100 yearly)
Low 1,800 EUR
Average 4,000 EUR
High 17,400 EUR
A person working in Finland typically earns around EUR 4,000 per month. Salaries range from EUR 1,800 (lowest average) to EUR 17,400 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Finland in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. A detailed comparison of 2023 and 2024 will be available at the end of the year.

Pay Scale and Salaries in Finland

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than EUR 17,400, 75% of the people earn EUR 5,500 or less. 50% employees earn less EUR 3,800 or less, 25% of the employees earn less than EUR 2,900.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than EUR 17,400, 75% of the people earn EUR 5,500 or less. 50% employees earn less EUR 3,800 or less, 25% of the employees earn less than EUR 2,900.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Finland the minimum salary is EUR 1,800.

Median Salary

The median salary in Finland tends to reflect the middle point of all salaries in a dataset, with half of the values above and half below it. This indicator offers a more balanced outlook on income distribution and is frequently used to assess average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Finland the salary ranges from EUR 1,800 to EUR 17,400.

Annual Salary Increments in Finland

What is the average annual salary increment in the Finland? How frequently do employees receive salary raises?

Employees in Finland experienced an average salary increase of 0.5% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Finland experienced approximately 0.5% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.5%.

Historical Graph of Annual Salary Increments in Finland

Finland employees have, on average, received a yearly salary increase of 1.9% in recent years. The increment has ranged from 0.4% to 5.2% per year.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in Finland has witnessed an average yearly increase of 1.9%. This corresponds to a range of 0.4% to 5.2% increment per year.

Salary Forecast and Trends for the Future in Finland

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.2%. Estimated range is between 1.2% and 3.4%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.2%. Estimated range is between 1.2% and 3.4%.

Gender Wage Gap in Finland

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Finland has an actual wage gap of 15.3%.Download chartGet chart linkShare on FacebookShare on Twitter
Finland has an actual wage gap of 15.3%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • When it comes to college degrees, women are less represented than men.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. epitomizes a lifelong dedication to acquiring knowledge and paving the way for an inspiring and impactful career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 5%-9%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 5%-9%. Expertise and leadership attain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Finland

What is the average hourly wage in the Finland?

Average Hourly Wage
23EUR
Low 10 EUR
Average 23 EUR
High 102 EUR

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses can be difficult due to the irregular or fluctuating income that hourly wages may result in.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks usually attributed to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Finland

What are the best paying jobs in Finland?

List with best paid jobs in FinlandDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Finland?

  1. Surgeon (EUR 17,200)
  2. Doctor (EUR 15,500)
  3. Chief Executive Officer (CEO) (EUR 14,800)
  4. Registered Nurse Anesthetist (EUR 14,400)
  5. Dentist (EUR 13,800)
  6. Airline Pilot (EUR 13,300)
  7. Intellectual Property Lawyer (EUR 12,900)
  8. Marketing Manager (EUR 11,400)
  9. Marketing Director (EUR 11,400)
  10. Sales Director (EUR 10,700)
  11. Sales Manager (EUR 10,700)
  12. Petroleum Engineer (EUR 10,600)
  13. Brand Manager (EUR 10,400)
  14. Marketer (EUR 10,400)
  15. Judge (EUR 10,200)
  16. Treasurer (EUR 10,100)
  17. Controller (EUR 10,100)
  18. Pharmacist (EUR 9,800)
  19. Tax Lawyer (EUR 9,700)
  20. Lawyer (EUR 9,700)
List with worst paid jobs in FinlandDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Finland?

  1. Cashier (EUR 1,900)
  2. Childcare Worker (EUR 2,000)
  3. Stock clerk (EUR 2,000)
  4. Elder Care Worker (EUR 2,000)
  5. Receptionist (EUR 2,100)
  6. Bartender (EUR 2,300)
  7. Food and beverage server (EUR 2,300)
  8. Janitor (EUR 2,300)
  9. Waiter (EUR 2,300)
  10. Tour Guide (EUR 2,400)
  11. Customer Service Representative (EUR 2,800)
  12. Hotel Concierge (EUR 2,900)
  13. Rehabilitation Counselor (EUR 2,900)
  14. Travel Agent (EUR 3,100)
  15. Secretary (EUR 3,200)
  16. Painter (EUR 3,300)
  17. Carpenter (EUR 3,500)
  18. Bus Driver (EUR 3,500)
  19. Artist (EUR 3,600)
  20. Truck Driver (EUR 3,600)
List with best paid industries in FinlandDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (EUR 11,000)
  2. Business and Management (EUR 9,300)
  3. Marketing and Sales (EUR 8,600)
  4. Engineering (EUR 7,900)
  5. Law (EUR 7,500)
  6. Accounting and Finance (EUR 7,500)
  7. Computer and Information Technology (EUR 7,300)
  8. Transportation and Logistics (EUR 7,100)
  9. Science (EUR 7,100)
  10. Education and Training (EUR 5,900)
  11. Other (EUR 4,400)
  12. Hospitality and Tourism (EUR 3,700)
  13. Social Services (EUR 3,000)
  14. Services (EUR 2,700)