Last update: Oct 2026

Cost of Living Comparison Between Hanko and Espoo

For one person, living is cheaper in Hanko: $1,845 a month against $2,192 in Espoo, rent and utilities included – about $4,200 less a year. Rent and utilities account for most of the difference.

89

Cost of Living Index in Hanko
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Hanko Living Index
106

Cost of Living Index in Espoo
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Espoo Living Index

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Hanko

🇫🇮 Finland

$1,845

/mo nomad

Espoo

🇫🇮 Finland

$2,192

/mo nomad

Monthly Cost of Living

How much you'll spend in Hanko and in Espoo

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hanko and in Espoo actually costs, broken down by who's living it.

A single person spends $1,845 per month in Hanko vs $2,192 in Espoo, rent included.

Hanko $1,845
Espoo $2,192

A couple spends around $2,870 per month in Hanko vs $3,511 in Espoo, rent included.

Hanko $2,870
Espoo $3,511

A family of three spends $3,894 per month in Hanko vs $4,830 in Espoo, rent included.

Hanko $3,894
Espoo $4,830

Hanko is about 16% cheaper than Espoo, and outside of rent the biggest gap is in groceries.

Both Hanko and Espoo sit above the global median – Hanko by 36%, Espoo by 62%.

Meal at Budget Restaurant

$16.24 €14.45

$15.55 €13.83

4.44%

Three-Course Dinner for Two, Mid-Range

$88.7 €78.9

$103 €91.4

-13.68%

Fast Food Meal (McDonalds, etc)

$11.59 €10.31

$12.52 €11.13

-7.43%

Cappuccino

$5.32 €4.73

$5.46 €4.85

-2.56%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.00 €2.67

$3.54 €3.15

-15.25%

Water (0.33 liter bottle)

$1.92 €1.71

$2.78 €2.48

-30.94%

Local Beer (0.5 liter draught)

$7.61 €6.77

$9.00 €8.01

-15.44%

Imported Beer (0.33 liter bottle)

$8.91 €7.92

$8.63 €7.67

3.24%

Milk (1 liter)

$1.29 €1.15

$1.40 €1.25

-7.86%

White Bread (500g)

$2.67 €2.37

$3.00 €2.67

-11.00%

Rice (white) (1kg)

$2.49 €2.22

$3.62 €3.22

-31.22%

Eggs

$3.19 €2.84

$4.12 €3.66

-22.57%

Local Cheese (1kg)

$9.05 €8.05

$10.78 €9.59

-16.05%

Chicken Fillets (1kg)

$13.99 €12.44

$16.55 €14.72

-15.47%

Beef Round Steak (1kg)

$21.10 €18.77

$20.50 €18.24

2.93%

Apples (1kg)

$2.34 €2.08

$2.71 €2.41

-13.65%

Banana (1kg)

$2.12 €1.89

$2.11 €1.88

0.47%

Oranges (1kg)

$2.54 €2.26

$3.43 €3.05

-25.95%

Tomato (1kg)

$3.90 €3.47

$4.82 €4.28

-19.09%

Potato (1kg)

$1.26 €1.12

$1.19 €1.06

5.88%

Onion (1kg)

$1.92 €1.71

$1.85 €1.64

3.78%

Lettuce (1 head)

$2.81 €2.50

$2.30 €2.04

22.17%

Water (1.5 liter bottle)

$1.96 €1.74

$1.79 €1.60

9.50%

Cigarettes 20 Pack (Marlboro, Camel)

$12.95 €11.52

$12.16 €10.82

6.50%

Wine (Bottle)

$16.10 €14.32

$13.48 €11.99

19.44%

Local Beer (0.5 liter bottle)

$3.04 €2.71

$3.66 €3.26

-16.94%

Imported Beer (0.33 liter bottle)

$3.40 €3.02

$5.10 €4.54

-33.33%

One-way Ticket (Public Transport)

$3.25 €2.89

$3.51 €3.12

-7.41%

Public Transport Monthly Pass (Regular Price)

$64.7 €57.5

$80.3 €71.4

-19.44%

Taxi Start (Normal Tariff)

$4.29 €3.82

$9.55 €8.49

-55.08%

Taxi (Normal Tariff) (1km)

$1.31 €1.16

$1.76 €1.57

-25.57%

Taxi 1hour Waiting (Normal Tariff)

$66.6 €59.3

$50.8 €45.20

31.11%

Gasoline (1 liter)

$2.35 €2.09

$2.31 €2.05

1.73%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$36.4K €32.3K

$36.6K €32.5K

-0.62%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$36.4K €32.3K

$38.3K €34.0K

-4.93%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$130 €116

$108 €95.7

20.74%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$24.93 €22.17

$26.21 €23.31

-4.88%

Internet (50+ Mbps, Unlimited Data)

$23.64 €21.02

$29.83 €26.54

-20.75%

Gym Membership (Monthly)

$43.34 €38.55

$56.5 €50.2

-23.22%

Tennis Court (1 Hour on Weekend)

$22.16 €19.71

$42.83 €38.09

-48.26%

Cinema Ticket

$17.97 €15.99

$17.99 €16.01

-0.11%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$335 €298

$664 €590

-49.52%

International Primary School, 1 Child (Yearly)

$12.4K €11.1K

$18.9K €16.8K

-34.10%

Jeans (Levis 501 Or Similar)

$96.8 €86.1

$121 €108

-20.06%

Summer Dress (H&M, Zara, etc)

$48.95 €43.54

$57.9 €51.5

-15.52%

Sport Shoes (Adidas, Nike)

$102 €91.0

$91.8 €81.6

11.50%

Men's Leather Business Shoes

$151 €134

$176 €157

-14.58%

1-bedroom Apartment, City Center (Monthly)

$785 €698

$1,081 €962

-27.40%

1-bedroom Apartment, Outside City Center (Monthly)

$642 €571

$898 €799

-28.54%

3-bedroom Apartment, City Center (Monthly)

$1,225 €1,090

$2,211 €1,966

-44.58%

3-bedroom Apartment, Outside City Center (Monthly)

$1,032 €918

$1,667 €1,482

-38.09%

Buy Apartment in City Center (m2)

$4,038 €3,592

$6,811 €6,058

-40.71%

Buy Apartment Outside City Center (m2)

$2,106 €1,874

$4,266 €3,795

-50.62%

Average Monthly Net Salary (After Tax)

$4,380 €3,896

$3,285 €2,922

33.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

3.59

-2.23%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Hanko: October 19, 2026

Last update for Espoo: October 17, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Hanko

$642 34.8%

Espoo

$898 41% 39.9% $256

Groceries & Markets

Hanko

$373 20.2%

Espoo

$409 18.7% 9.5% $36

Eating Out

Hanko

$304 16.5%

Espoo

$315 14.4% 3.6% $11

Clothing & Footwear

Hanko

$179 9.7%

Espoo

$201 9.2% 12.1% $22

Monthly Utilities & Internet

Hanko

$179 9.7%

Espoo

$164 7.5% 8.3% $15

Getting Around

Hanko

$89 4.8%

Espoo

$113 5.1% 27.3% $24

Sport & Entertainment

Hanko

$79 4.3%

Espoo

$92 4.2% 16.6% $13

Cost Breakdown

A central one-bedroom costs $785 in Hanko versus $1,081 in Espoo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 33% higher in Hanko, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $89.0 in Hanko versus $103 in Espoo. Monthly groceries follow the same trend: $373 vs $409 – making Hanko the more affordable choice for daily food spending.

Good to know

🇫🇮 Hanko

🇫🇮 Espoo

🕒 Local time

13:16 1:16 PM

Same time as Hanko

🌤 Weather

👥 Population

8,000

314,152

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Hanko vs Espoo: Cost of Living - Frequently Asked Questions

Yes – Espoo is pricier by about 19%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,768 per month in Hanko and $3,289 in Espoo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hanko, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,845 in Hanko and $2,192 in Espoo. That's a gap of about 19%.

Public transport costs about 24% less in Hanko. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Hanko, where all-in costs run around $1,845, than in Espoo at $2,192. In Hanko it covers expenses comfortably, while in Espoo it requires careful planning or may not stretch far enough.

Families tend to lean toward Hanko – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Hanko. If higher salaries, better infrastructure, or specific career opportunities are the priority, Espoo makes more sense. Both are solid long-term options with distinct trade-offs.