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
Finland
Updated 2026-05-04
Minimum Wage
$8 /hr
Unlike Finland, which has no statutory minimum wage, Turks and Caicos Islands mandates a wage floor of $8/hr.
Detailed Comparison
| 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.