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Finn here. Some figures to put the floated numbers of 500-1000 euros/month in perspective: Average salary, before tax: 3150 EUR Average salary, after tax: ~2
by jpatokal 11y ago
Finn here. Some figures to put the floated numbers of 500-1000 euros/month in perspective:
Average salary, before tax: 3150 EUR
Average salary, after tax: ~2000 EUR
Market rent for one bedroom apartment in central-ish Helsinki: 1000 EUR
In other words, 500 EUR/month is a tolerable budget for a skin-flint student living in subsidized/free accommodation, but it's going to be pretty tough going for an adult, and completely prohibitive for eg. raising a family. 1000 EUR would be more realistic, but obviously also twice as expensive to implement.
- aft42 11y ago> completely prohibitive for eg. raising a family But if it's an unconditional guaranteed income, i.e. each member of the family is making it, then it shouldn't be a problem. For example, a single mother with two kids would get her 500 EUR/month plus 500 EUR/month for each kid, bringing in a total of 1500/month for the family. While this certainly isn't massive, with a part-time job and being frugal, it should enable her to pay the bills.
- adventured 11y agoHow would 1,500 euros enable her to pay the bills, if rent alone is 1,000? It wouldn't be even remotely close after all life expenses are added in.
- moftz 11y agoThats why he said part-time job too.
- aft42 11y agoYes, the "with a part-time job and being frugal" was a critical part of my post that @adventured clearly missed. Thank you for highlighting it.
- kisstheblade 11y agoAlso, you don't have to live in the most expensive part of the most expensive city... Good livable apartments can be had for 300e-400e/month, even in the larger cities.