Key Facts: Finland vs Faroe Islands Wages
- Finland Minimum Wage
- No statutory minimum wage
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Finland Avg. Gross Monthly Salary
- €3,900 /mo ($4,541.75 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) (2026-02-24), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Finland 
Faroe Islands
Updated 2026-05-04
Neither Finland nor Faroe Islands has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average salaries are lower in Finland at $4,542/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Finland | Faroe Islands |
|---|---|---|
| Avg. gross salary /mo | €3,900 /mo $4,541.75 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | €2,700 /mo $3,144.29 | N/A/mo |
| Median individual income /yr | €35,000 /yr $40,759.29 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Finland is higher.
Work Week
- Finland
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (Working Hours Act / Työaikalaki). Regular daily working hours are 8 hours. Overtime for the first 2 hours is compensated at 150% and subsequent hours at 200%. Maximum overtime is 250 hours per calendar year. EU Working Time Directive limits average to 48 hrs/week.
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Finland
Compare Finland with...
Finland vs United States $ 7.25 /hr 
Finland vs China ¥ 25 /hr 
Finland vs Germany € 13.9 /hr 
Finland vs United Kingdom £ 12.71 /hr 
Finland vs India ₹ 4,576 /mo 
Finland vs Japan ¥ 1,121 /hr 
Finland vs France € 12.02 /hr 
Finland vs South Korea ₩ 10,320 /hr 
Finland vs Canada C$ 18.1 /hr 
Finland vs Australia A$ 24.95 /hr 
Finland vs Brazil R$ 7.37 /hr 
Finland vs Russia ₽ 156.31 /hr 
Finland vs Mexico MX$ 9,583.52 /mo 
Finland vs Indonesia Rp 33,058 /hr 
Finland vs Netherlands € 14.71 /hr 
Finland vs Saudi Arabia ﷼ 23.08 /hr 
Finland vs Turkey ₺ 164.94 /hr 
Finland vs Taiwan NT$ 190 /hr 
Finland vs Switzerland 
Finland vs Poland zł 31.4 /hr 
Finland vs Thailand ฿ 10,400 /mo 
Finland vs Sweden 
Finland vs Argentina ARS 1,762 /hr 
Finland vs Singapore Frequently Asked Questions
How much less does the average worker earn in Finland compared to Faroe Islands?
The average gross salary in Finland is €3,900/mo ($4,541.75 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Finland earn approximately 18% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Finland and Faroe Islands is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Faroe Islands earn more in nominal terms, though how far that income stretches depends on local prices in Finland.
How do work hours compare between Finland and Faroe Islands?
Both Finland and Faroe Islands mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.