Skip to main content

Key Facts: Turks and Caicos Islands vs Finland Wages

Turks and Caicos Islands Minimum Wage
$8/hr
Finland Minimum Wage
No statutory minimum wage
Finland Avg. Gross Monthly Salary
€3,900 /mo ($4,541.75 USD)
Data Sources
TC Weekly News — Minimum Wage Increase (2026-05-04), Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) (2026-02-24)

Turks and Caicos Islands flag Turks and Caicos Islands Finland flag Finland

Updated 2026-05-04

Turks and Caicos Islands flag Turks and Caicos Islands

Minimum Wage

$8 /hr

Finland flag Finland

No statutory minimum wage

Avg. Gross Salary

€3,900 /mo

Unlike Finland, which has no statutory minimum wage, Turks and Caicos Islands mandates a wage floor of $8/hr.

Detailed Comparison

Detailed wage comparison between Turks and Caicos Islands and Finland
Metric Turks and Caicos Islands Finland
Minimum wage /hr $8 None
Minimum wage /mo $1,386.67 None
Minimum wage /yr $16,640 None
Avg. gross salary /mo N/A/mo €3,900 /mo $4,541.75
Avg. net salary /mo N/A/mo €2,700 /mo $3,144.29
Median individual income /yr N/A/yr €35,000 /yr $40,759.29

Percentage differences are based on USD equivalent values. Positive means Turks and Caicos Islands is higher.

Work Week

Turks and Caicos Islands

40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours under the Employment Ordinance.

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 Turks and Caicos Islands

Compare Turks and Caicos Islands with...

Frequently Asked Questions

Is the minimum wage higher in Turks and Caicos Islands or Finland?

In Turks and Caicos Islands, the minimum wage is $8/hr. In Finland, it is no statutory minimum wage.

How do work hours compare between Turks and Caicos Islands and Finland?

Both Turks and Caicos Islands 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.