Head offices of large companies bring good taxpayers to Helsinki region
Two thirds of top income-earners live in Helsinki or surroundings
The concentration of the head offices of large companies in the Helsinki region is also reflected in a large number of highly-paid corporate executives living in the area. Of Finland's 100 largest corporations, 83 have their head offices in the Greater Helsinki area, while just 17 are located elsewhere.
More than two thirds of the 200 highest-paid Finns live in Helsinki, Espoo, Vantaa, Kauniainen, or the seven municipalities just outside the Helsinki region.
Helsinki is number one, with 84 residents who fall into the category, while Espoo is in second place with 33. On a per capita basis, Kauniainen is in first place, with 13 of its 1,500 residents making the list of 200 top income-earners. Vantaa appears to be the least attractive for high income-earners: only two of its 185,000 residents make the top-200 list.
The remaining 61 61 top income-earners live in other parts of Finland. The largest centres are Tampere, which has five residents on the top-200 list, as well as Mariehamn, Porvoo, And Muurame, each of which have four.
The wealthy in the Helsinki region also tend to earn significantly more than people living in other areas. The 50 top-earners in the Helsinki region got an average annual income of EUR 1.65 million, while the top-50 for the rest of the country got an average EUR 1.1 million.
The differences in income are attributable to the fact that the main offices of most of the largest companies in the country are in the Helsinki region.
Ten of the people on the list were executives of the power company Fortum, whose stock option plans brought them considerable windfall profits.
Other companies paying top salaries to their executives include Fonecta, Nokia, Jaakko Pöyry Group, Sampo, Amer, Instrumentarium, and the OP Bank Group.
In other parts of Finland the situation is almost completely the opposite to what it is in the Helsinki region. Top sources of income outside Greater Helsinki include construction contracting and furniture and car retailing, for instance.
In spite of the differences between the Helsinki region and the rest of Finland, the personal profiles of the highest income-earners are fairly similar all over the country.
The top-50 income-earners in the Helsinki region have an average age of just under 52, while in the rest of Finland, the average age is about 53.
There is more diversity in birth years: half of those examined in the Helsinki region were born in the 1950s, while half of those in other parts of Finland were born already in the 1940s. The birth years of the top income-earners outside the Helsinki area ranged from 1921 to 1990. In the Helsinki area, the range was between 1924 and 1965.
There was not much of a regional division in gender distribution: men dominate the statistics for highest earned income in all parts of the country. Only three women were on the list of the top-50 in the Helsinki region, and in the rest of Finland there were five.
Previously in HS International Edition:
Fortum execs maintain strong foothold at top of income list (2.11.2005)