Sodankylä has a lively town centre that brings together people from the surrounding municipalities.

Sodankylä offers a wide range of services and has a growing demand for new enterprises to meet the needs of the tourism industry and local residents.

In 2024, several significant investments were made in Sodankylä, strengthening the vitality of the municipality and its service offering. These included KoneVasara, Hotel Sodankylä, and Tokmanni. The total amount of investments completed or started in the area (2024–2026) was approximately €41.5 million. The investments were made in or near the center of Sodankylä.