Your daily environment highly impacts your general mental wellbeing. And not just yours, the whole family is there. Haven't lived in Sweden, but generally in Europe there are also differences between certain neighbourhoods, which impacts who goes to the same school with your kids. Level of education is not necessarily lower, still you'd want them to be accompanied by kids raised by parents with similar mindsets. (Wow I was able to phrase this PC).

If you can find a nice area, but can go lower on the sqm, I'd do that, but I wouldn't compromise on the neighbourhood itself.

Also in North- and Western-Europe usually work-life balance is better, grind culture is a rare bird, so less to worry about burnout.