A six‐month winter‐spring study was conducted in a suburb of the northern European city of Kuopio, Finland, to identify and quantify factors determining daily personal exposure and home indoor levels of fine particulate matter (PM2.5, diameter <2.5 µm) and its light absorption coefficient (PM2.5abs), a proxy for combustion‐derived black carbon. Moreover, determinants of home indoor ozone (O3) concentration were examined. Local central site outdoor, home indoor, and personal daily levels of pollutants were monitored in this suburb among 37 elderly residents. Outdoor concentrations of the pollutants were significant determinants of their levels in home indoor air and personal exposures. Natural ventilation in the detached and row houses increased personal exposure to PM2.5, but not to PM2.5abs, when compared with mechanical ventilation. Only cooking out of the recorded household activities increased indoor PM2.5. The use of a wood stove room heater or wood‐fired sauna stove was associated with elevated concentrations of personal PM2.5 and PM2.5abs, and indoor PM2.5abs. Candle burning increased daily indoor and personal PM2.5abs, and it was also a determinant of indoor ozone level. In conclusion, relatively short‐lasting wood and candle burning of a few hours increased residents’ daily exposure to potentially hazardous, combustion‐derived carbonaceous particulate matter.