Dependsa lot on what you are comparing it with, I like to play with this page: https://www.numbeo.com/cost-of-living/comparison.jsp

Yes and no. Unemployment is high, wages are low, and in the major cities renting is tough, same as most major cities at the moment though I guess. If you can find work, somewhere to live, and make an effort with the language then I’d say yes, it’s a great place to live.