Average salary, before tax: 3150 EUR
Average salary, after tax: ~2000 EUR
Market rent for one bedroom apartment in central-ish Helsinki: 1000 EUR
In other words, 500 EUR/month is a tolerable budget for a skin-flint student living in subsidized/free accommodation, but it's going to be pretty tough going for an adult, and completely prohibitive for eg. raising a family. 1000 EUR would be more realistic, but obviously also twice as expensive to implement.