Updated 25 October 2026
Quick answer: In Finland in 2026, there is no national minimum wage (pay floors are set by collective agreements); an average earner keeps 69% of their pay after income tax and social security; mortgage rates are about 3.24%; household electricity costs €0.269 per kWh; petrol is €2.33/L, up 35.8% since February. The table below puts 9 everyday money measures for Finland side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Most comparisons of Finland look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Finland, so you can see them together and see how Finland compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.
Finland at a Glance
| Measure | Finland | Rank |
|---|---|---|
| Minimum wage | None by law (collective agreements) | — |
| Tax on an average wage | 30.7% (keeps 69%) | 9th highest of 38 |
| Pay rise forecast 2027 | 2.9% (inflation %) | Lowest of 29 |
| Mortgage rate | 3.24% (new home loans, August 2026) | 10th lowest of 31 |
| Electricity (household) | €0.269/kWh (≈ $0.30) | 11th highest of 33 |
| Petrol price | €2.33/L (+35.8% since Feb) | 3rd highest of 29 |
| State pension age | 65 (national pension) | 20th lowest of 39 |
| Pension (share of pay) | 65.7% of net pay | 25th lowest of 50 |
| Bank deposit protection | €100,000 per person, per bank | — |
Rank compares Finland with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in Finland (2026)
Finland has no statutory national minimum wage. Pay floors are set sector by sector in collective agreements between unions and employers, which cover most workers and are often higher than the legal minimums of neighbouring countries.
Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).
Income Tax and Take-Home Pay in Finland
A single worker on the average wage in Finland (about $73,000 at purchasing-power parity) pays 30.7% of gross pay in income tax and employee social security, so they keep 69%. That is 9th highest of 38 countries, against an OECD average of 25.1%.
Income tax and employee social security take 30.7% of pay at the average wage, 22.6% at two-thirds of it and 38.8% at 1.67 times it. Including employer contributions, the total tax wedge is 42.5% of labour costs.
Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).
Pay Rises in Finland: 2027 Forecast
Employers in Finland expect to raise salaries by 2.9% in 2027 (median of the major pay surveys), after 2.6% in 2026. With inflation at % (), that is roughly flat in real terms.
Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).
Mortgage Rates in Finland (2026)
The typical mortgage rate in Finland is 3.24% (new home loans, August 2026), 10th lowest of 31 countries; the euro area average is 3.6%.
Up 0.47 points since February 2026 (2.77%). Monthly payment per €100,000 over 25 years: €487.
Full table for every country, with sources: Mortgage Rates by Country 2026: Where Buying a Home Costs the Most. Download the data (CSV).
Electricity Prices in Finland
Households in Finland pay about €0.269 per kWh of electricity (about $0.30), 11th most expensive of 33 countries; the EU average is €0.283. Change: +19.5% vs late 2025.
Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.
Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (CSV).
Petrol Prices in Finland Since the Iran War
Petrol in Finland costs €2.33/L (week of 19 October 2026), up 35.8% from €1.71/L in the week before the Iran war began. It peaked at €2.37/L (5 Oct). At about $2.61 a litre it is 3rd most expensive of 29 countries, and the rise is 2nd largest of 29 countries.
Full table for every country, with sources: Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries. Download the data (CSV).
Retirement Age in Finland
The state pension age in Finland is 65 (national pension) for people reaching it in 2026; the earliest you can claim is 64 y 9 m (earnings-related). Future change: Linked to life expectancy. Earnings-related pension age depends on birth year.
Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).
How Much the State Pension Pays in Finland
A full-career average earner in Finland can expect a mandatory pension worth about 65.7% of their previous net pay, 25th least generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 64%. High earner (twice the average): 64%.
Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).
How Much of Your Money Is Protected in Finland
Bank deposits in Finland are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.
Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).
Frequently Asked Questions
Does Finland have a minimum wage?
No. Finland has no national minimum wage set by law; minimum pay is agreed sector by sector in collective agreements.
How much tax do you pay in Finland?
On the average wage, income tax plus employee social security in Finland take 30.7% of gross pay, so a single worker keeps 69% (OECD average: 25.1%).
What is the average pay rise in Finland for 2027?
Pay surveys forecast an average salary increase of 2.9% in Finland for 2027, against inflation of %.
What are mortgage rates in Finland right now?
Mortgage rates in Finland are about 3.24% (new home loans, August 2026). Up 0.47 points since February 2026 (2.77%). Monthly payment per €100,000 over 25 years: €487.
How much does electricity cost in Finland?
Household electricity in Finland costs about €0.269 per kWh (about $0.30), 11th most expensive of 33 countries.
How much has petrol gone up in Finland?
Petrol in Finland has risen 35.8% since February 2026, from €1.71/L to €2.33/L.
What is the retirement age in Finland?
The state pension age in Finland is 65 (national pension) in 2026, with the earliest claim at 64 y 9 m (earnings-related). Legislated change: Linked to life expectancy.
How much is the state pension in Finland?
In Finland, mandatory pensions replace about 65.7% of an average earner's net pay after a full career, against an OECD average of 63.2%.
How much money is insured in a bank in Finland?
Deposits in Finland are insured up to €100,000 per person, per bank.
Compare Finland With Other Countries
See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.
Related Guides
- Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars
- Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries
- Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table
- Mortgage Rates by Country 2026: Where Buying a Home Costs the Most
- Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills
- Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries
- Retirement Age by Country 2026: State Pension Ages in 39 Countries
- State Pension Amounts by Country 2026: How Much Retirees Actually Get
- Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected
- How Much Emergency Fund Do You Need? (With Calculator)
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
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