The 1954–55 SM-sarja season was the 24th season of the SM-sarja, the top level of ice hockey in Finland. 10 teams participated in the league, and Ilves Tampere won the championship.
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 7 | 1 | 0 | 50:16 | 15 | ||
| 2. | 8 | 4 | 3 | 1 | 41:33 | 11 | ||
| 3. | 8 | 3 | 1 | 4 | 35:31 | 7 | ||
| 4. | KyPa Karhula (Kotka) | 8 | 2 | 0 | 6 | 24:53 | 4 | |
| 5. | 8 | 1 | 1 | 6 | 24:41 | 3 |
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 6 | 1 | 1 | 45:17 | 13 | ||
| 2. | 8 | 5 | 2 | 1 | 27:26 | 12 | ||
| 3. | 8 | 2 | 2 | 4 | 14:22 | 6 | ||
| 4. | 8 | 2 | 1 | 5 | 27:36 | 5 | ||
| 5. | 8 | 1 | 2 | 5 | 21:33 | 4 |