Cost of Living in Finland

Did you know that Finland has been ranked as the world’s safest, freest, most stable, and happiest country by the World Economic Forum? Keeping this in mind, moving to Finland can prove to be a wise decision from both the perspectives of personal and professional lives.

One of the best educational systems in the world is found in Finland. One of the best places to study abroad, it is home to a diverse population and is a center for excellent professional prospects.

Coming to study in Finland is undoubtedly exciting. Imagine the new environment, modern cities, social activities, and more you will encounter. Aside from a stimulating experience and new learnings, it is best to plan ahead of time for the costs of living in Finland. If you are considering moving there, it is essential to understand the cost of living in the country.

Start Your Study Abroad Journey with upGrad Abroad

Best Cities in Finland for International students-

Finland has been rated as the best place to study by International students in Europe. Here are some of the best student-friendly cities in Finland for pursuing higher education. 

Helsinki -One of the most well-liked cities in Europe for international students is the capital of Finland. The University of Helsinki and Aalto University, two of Finland’s top universities, as well as a number of others, are located here. It is among the top 75 student cities in the world according to the QS Best Student Cities due to its top-notch universities and good quality of life.

Turku– The second and third-oldest universities in Finland are located in Turku, a city in southwest Finland known as the “old capital.” These universities are the Swedish-language Bo Akademi and the University of Turku, which is ranked third in the world by QS.

Oulu – Talented individuals from all over the world come to work in the research facilities and science parks in Oulu, which is also well renowned as a top technological hub. With an average yearly temperature of just 2°C (36°F) due to the city’s subarctic environment, anyone considering spending more than a few months studying in Oulu should be ready for a rather harsh winter. In the worldwide rankings, the University of Oulu is Finland’s sixth-best representation.

A Guide to Average Costs of Living in Finland 

Wondering what is the minimum living expenses in Finland for a student? Here we are taking into account cities in Finland with low cost of living and those with skyrocketing costs to arrive at an average threshold. This list of items with costs will help you greatly when it comes to delineating the actual costs that you have to make provisions for.

1. Average Rent in Finland

An accommodation varies depending on the region and the type of location a student chooses. The more rural regions are comparatively cheaper, whereas modern areas such as Helsinki and Espoo would cost higher. The cost of living in Finland for students varies based on whether a student decides to live on-campus or off-campus.

2. University Tuition Fee in Finland

 Tuition fees consume the most significant portion of the budget. However, it varies from university to university, location and the program you have chosen to study. The minimum tuition fee set by the Finnish government is around 1500 € per year for bachelor and master programs, but most study programs charge tuition above this amount.

3. Food cost in Finland

4. Transportation costs in Finland 

5. Average Utilities

Source: *Numbeo

Get all your Study Abroad doubts clarified Now for FREE: Fix an Appointment Now

Tips to Save Money in Finland

While visiting Finland, you can always follow some helpful advice to increase your savings. The following are some of them.

1. Prepare a budget– Students’ food expenses in Finland will be fairly high if they frequently eat out, purchase high-end and organic foods, and shop for foreign goods. With some preparation, they can cut back on eating out and going to cafés and bars to save money.
2. Eat at a canteen –  The government of Finland encourages students to eat healthily. With less than 3 euros, you may have a filling and wholesome meal. Campuses frequently have multiple canteens where a wide selection of warm foods, salads, soups, and sandwiches are available.
3. Flash your student card-A student card will make your daily life more economical. There are many different student discounts and amenities available in Finland. For instance, student health care is free, and university sport centers have absurdly cheap membership costs. Public transportation costs half as much, and a lot of retailers, eateries, and service providers provide discounts to clients who present a student ID.