Decent Wages in Finland - August 2017 - Per month in EUR

The Living Wage is based on the concept that work should provide an adequate income to cover the necessary living costs of a family. WageIndicator calculates Living Wage for around 50 countries based on prices collected within the WageIndicator Cost of Living Survey. The Living Wage calculated by WageIndicator is composed of seven parts: food, housing, transport, health, education, tax and other costs.

WageIndicator presents Living Wages for several household types and working hours to respond to different demands for living wage information: Typical family Living Wage is a baseline estimate that respects the country specific conditions. Family includes two adults and the number of children is given by country specific fertility rate (1.8 children per woman). One parent is working full-time and the working hours of second parent are approximated by national employment rate (59% in 2017). Standard family Living Wage is estimated for a family composed of two adults and two children. One parent is employed full-time and the second parent works 4 days a week it means family employment rate is 1.8. Single-adult Living Wage represents an acceptable standard of living for a single individual working full-time with no dependents.

Expenditure and Living Wage calculation (monthly rates in EUR)

  Typical family   Standard family   Single-adult  
  from to from to from to
Food 565 825 600 860 150 215
Housing 425 500 425 500 425 455
Transport 94 100 94 100 47 50
Health 50 100 50 100 13 25
Education 50 100 50 100 0 0
Other costs 59 81 61 83 32 37
Total Expenditure 1243 1706 1280 1743 667 782
Net Living Wage 777 1066 711 968 667 782
Gross Living Wage 1018 1397 932 1269 873 1024

Note: For more details see Living Wage FAQ.

Family Living Wages (monthly rates in EUR)

There is not a single answer to what is the adequate cost of living. The result is complex, as the cost of living varies by household composition, location, and employment pattern. The following table presents the Living Wage estimates for a set of common household compositions and under different assumptions about working hours.

  from to
Typical family (two parents + 1.8 children, 1.6 working) 1020 1400
Standard family (two parents + 2 children, 1.8 working) 930 1270
Two parents and two children, 2 working 840 1140
Two parents and two children, 1.5 working 1120 1520
Two parents and two children, 1 working 1680 2290
Two parents and three children, 1.6 working 1180 1610
Two parents and four children, 1.6 working 1310 1800
Single-adult without children, 1 working 875 1030

Note: Results in the table are rounded.

Living Wages in Context (monthly rates in EUR)

Living Wages are presented in context with other wage indicators including minimum wage, poverty line, and various prevailing wages of workers. Table shows the development of income levels over two years.

7-12/20151-6/20167-12/20161-6/2017
  from to from to from to from to
Minimum wage . . . . . . . .
Living Wage - Typical Family 1030 1390 995 1380 995 1390 1020 1400
Living Wage - Single Adult 840 1020 845 1020 845 1020 875 1030
Real wage of low-skilled worker 1270 1710 1310 1740 1310 1740 1290 1730
Real wage of medium-skilled worker 1860 2280 1870 2260 1870 2260 1850 2250
Real wage of high-skilled worker 2860 3650 2880 3600 2880 3610 2900 3630

Note: Reported monthly earnings of workers in low-, medium-, and high-skilled occupations are obtained from the voluntary WageIndicator web surveys on work and wages over the last 36 months. Results in the table are rounded.

Living Wage model diet and food prices in EUR

The food expenditure is the main component of Living Wage and it is determined by the price of food basket. The food prices are taken from WageIndicator Cost of Living Survey which collects the actual prices of all items necessary to calculate the Living Wage. The composition of the food basket is taken from the national food balance sheets published by the UN Food and Agriculture Organization (FAO). The food basket is scaled to 2,100 calories per person per day that is the nutritional requirement for good health proposed by World Bank (Handbook on poverty and inequality, 2009).

Food itemGrams per dayEnergy (kcal)Price per kilo fromto
Wheat, barley and cereals 199 593 2 4
Rice 8 29 1.5 2
Meat (beef, pork, poultry) 142 348 8 10
Oils (soyabean, olive, palm) 16 138 . .
Sugar (Raw Equivalent) 50 180 1 1
Maize and products 0 0 3 4
Milk - Excluding Butter 774 333 .9 1
Vegetables, Other 118 29 2 3.2
Potatoes and products 118 77 .9 1
Butter, Ghee 12 88 2.8 4
Groundnuts (Shelled Eq) 6 20 4 5
Pulses, Other and products 0 0 3 4
Egg (price per 10 eggs) 17 24 30 1.7
Fish products 65 48 10 14.9
Beer 144 71 4.2 9.1
Sweeteners, Other 6 16 1 1.5
Beans 0 0 3 4
Sweet potatoes 1 1 2.7 4
Bananas 24 15 1.2 1.5
Soyabeans 0 0 3 5
Yams 0 0 4 5
Apples and products 31 9 1.5 2
Tomatoes and products 30 6 2 3
Onions 11 5 1 1.8
Oranges, Mandarines 56 12 1.5 2
Plantains 0 0 1 2
Peas 2 7 2 2
Roots, Other 0 0 2 2
Seeds and kernels 0 3 4 6
Wine 21 14 10.7 13.3
Cream 10 20 3 5
Olives (including preserved) 1 1 4.5 5.5
Honey 1 3 . .
Citrus, Other 1 0 2 3
Lemons, Limes and products 2 0 2 3
Tea (including mate) 1 0 4 8
Grapefruit and products 1 0 2 3
Coffee and products 22 10 4 5.8

Data sources:

Living Wage FAQ.

WageIndicator Cost of Living Survey

World Bank Databank, Fertility rate – average births per woman in years 2010-2014

ILO, Estimated participation rate in 2017

FAO, Food balance sheet in 2013 

Cite this page: © WageIndicator 2017 - WageIndicator.org - Decent Wages in Finland - August 2017 - Per month in EUR