Key Facts: Sweden vs Finland Wages
- Sweden Minimum Wage
- No statutory minimum wage
- Finland Minimum Wage
- No statutory minimum wage
- Sweden Avg. Gross Monthly Salary
- kr40,000 /mo ($4,317.74 USD)
- Finland Avg. Gross Monthly Salary
- €3,900 /mo ($4,541.75 USD)
- Data Sources
- Medlingsinstitutet (Swedish National Mediation Office) (2026-02-24), Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) (2026-02-24)
Sweden
Finland
Updated 2026-02-24
Neither Sweden nor Finland has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average salaries are lower in Sweden at $4,318/mo compared to $4,542/mo in Finland.
Sweden has higher GDP per capita ($71,845 vs $65,378). Sweden's unemployment rate is 8.7% compared to Finland's 9.5%.
Detailed Comparison
| Metric | Sweden | Finland |
|---|---|---|
| Avg. gross salary /mo | kr40,000 /mo $4,317.74 | €3,900 /mo $4,541.75 |
| Avg. net salary /mo | kr30,000 /mo $3,238.31 | €2,700 /mo $3,144.29 |
| Median individual income /yr | kr367,000 /yr $39,615.29 | €35,000 /yr $40,759.29 |
Percentage differences are based on USD equivalent values. Positive means Sweden is higher.
Work Week
- Sweden
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/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.
See this comparison from Finland's perspective: Finland vs Sweden
Compare Sweden with...
Frequently Asked Questions
How much less does the average worker earn in Sweden compared to Finland?
The average gross salary in Sweden is kr40,000/mo ($4,317.74 USD), compared to €3,900/mo ($4,541.75 USD) in Finland. In USD terms, workers in Sweden earn approximately 5% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Sweden and Finland is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Finland earn more in nominal terms, though how far that income stretches depends on local prices in Sweden.
How do work hours compare between Sweden and Finland?
Both Sweden and Finland 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.
What is the cost of living difference between Sweden and Finland?
While direct cost of living data varies by source, GDP per capita (PPP) gives a useful proxy for overall economic level. Sweden has the higher GDP per capita at $71,845, which is 1.1x that of Finland at $65,378. From Sweden's perspective, this means goods and services are priced at a higher economic level. A higher GDP per capita generally correlates with higher wages, higher consumer prices, and greater availability of goods and services. Workers moving between these two countries should expect significant differences in rent, food, and transportation costs.