Business & Finance Business Information

Europe - Cost of Living 2010

Europe's most expensive cities are those that are not on the Euro.
The most costly city in Europe is Geneva (ranked 3 in the world), with a cost of living index (COLI) of 124.
49 (New York = 100), mainly as a result of being relatively expensive in most of the basket groups with the exceptions being alcohol & tobacco (international rank of 194), education (167 globally), and communication (108 in the world).
Also contributing to the high cost of living, the Swiss Franc has strengthened by 8% in the past year and by 16% over the past 2 years.
Geneva is followed by Oslo, with a rank of 5 in the world, closely followed by Zurich in 6th place globally.
Oslo has a COLI of 122.
05 (New York = 100).
The Norwegian Kroner has strengthened by 16% against the Euro in the past year.
Oslo is the most expensive city on the planet for transport, and the second most expensive for alcohol & tobacco.
Oslo is also very costly for groceries as well as restaurants, meals out and hotels (ranked 5th world-wide).
Copenhagen (number 7 internationally) is the fourth most expensive city in Europe and is the second most pricey for groceries in the world.
Moscow is ranked 9th in the world after having fallen in the cost of living rankings in the past few years, having shot back up to 6th most expensive place in Europe.
The Russian Rouble has strengthened 14% against the Euro in the past year.
The cheapest city in Europe is Sarajevo in Bosnia and Herzegovina (ranked 253th globally) with a COLI of 64.
72 (New York = 100).
Most expensive cities in Europe (Global rank in brackets) 1.
Switzerland, Geneva (3) 2.
Norway, Oslo (5) 3.
Switzerland, Zurich (6) 4.
Denmark, Copenhagen (7) 5.
Liechtenstein, Vaduz (8) 6.
Russia, Moscow (9) 7.
France, Paris (10) 8.
Monaco, Monaco (12) 9.
United Kingdom, London (14) 10.
Austria, Vienna (16)

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