Finland is known for its high standard of living, though the cost is above the EU average. Housing is the biggest expense, especially in cities like Helsinki, while smaller towns are more affordable. Monthly living costs for a single person average between €900 and €1,200 excluding rent, while a family of four may require between €3,000 and €4,000. Food, healthcare, and transport are relatively more expensive than in many countries, though healthcare and education are heavily subsidized. Despite higher costs, residents benefit from high-quality public services, efficient transport, and a safe, well-regulated environment that balances expenses with quality of life.