The lake Nervatnet empties into the fjord just south of Finneid.

[2] Historically, Finneid was a separate village, but it has grown together with the neighboring town of Fauske due to conurbation.

Finneid was the main port for shipping out the ore that came from the mine in Sulitjelma.

[2] The area formerly had hotels, boarding houses, and shops, but as mining in Sulitjelma declined most of the businesses established in Finneid closed down.

Finneid is connected to the centre of the town of Fauske by the European route E6 highway and to the village of Sulitjelma by Norwegian County Road 830.