Cost-of-living rankings · Eurostat HICP 2023
Best Value: Income vs Cost of Living
Where median net income stretches furthest against local prices — real affordability, not headline pay.
- #1 Best value
- Switzerland
- Average index
- 19702
- Top–bottom spread
- 19429
- Countries ranked
- 31
Top 10 — Best value
Best Value: Income vs Cost of Living (top 10)
Each value is the price level relative to the EU-27 average of 100. Above 100 is pricier than the EU norm.
Full ranking — all 31 countries
| Rank | Country | Affordability score |
|---|---|---|
| 1 | 🇨🇭 Switzerland | 29429 |
| 2 | 🇱🇺 Luxembourg | 28519 |
| 3 | 🇳🇱 Netherlands | 25221 |
| 4 | 🇩🇪 Germany | 24857 |
| 5 | 🇦🇹 Austria | 24569 |
| 6 | 🇧🇪 Belgium | 23929 |
| 7 | 🇸🇪 Sweden | 23913 |
| 8 | 🇮🇸 Iceland | 23856 |
| 9 | 🇩🇰 Denmark | 23803 |
| 10 | 🇫🇷 France | 23611 |
| 11 | 🇬🇧 United Kingdom | 23395 |
| 12 | 🇳🇴 Norway | 23214 |
| 13 | 🇮🇪 Ireland | 22887 |
| 14 | 🇫🇮 Finland | 22049 |
| 15 | 🇮🇹 Italy | 20313 |
| 16 | 🇨🇾 Cyprus | 19886 |
| 17 | 🇲🇹 Malta | 19886 |
| 18 | 🇪🇸 Spain | 19231 |
| 19 | 🇸🇮 Slovenia | 19186 |
| 20 | 🇨🇿 Czechia | 16923 |
| 21 | 🇱🇹 Lithuania | 16892 |
| 22 | 🇪🇪 Estonia | 16477 |
| 23 | 🇵🇱 Poland | 16333 |
| 24 | 🇱🇻 Latvia | 14474 |
| 25 | 🇬🇷 Greece | 14103 |
| 26 | 🇸🇰 Slovakia | 14000 |
| 27 | 🇵🇹 Portugal | 13636 |
| 28 | 🇭🇺 Hungary | 12615 |
| 29 | 🇭🇷 Croatia | 12267 |
| 30 | 🇧🇬 Bulgaria | 11273 |
| 31 | 🇷🇴 Romania | 10000 |
How to read this ranking
Each figure is a comparative price level: what a standardised basket of goods and services costs locally, with the EU-27 average normalised to 100. Because it is purchasing-power-comparable, it strips out exchange-rate distortion and lets you compare countries directly. The spread from Switzerland (29429) to Romania (10000) is 19429 index points — a large real difference in everyday costs. For affordability, weigh this against the best-value ranking, which combines income and cost.
The mid-table country, Cyprus (19886), is a useful reference: countries above it score higher than typical, those below lower. A country can rank well on one category and poorly on another — cheap groceries do not guarantee cheap rent. Open any country profile for the full per-category breakdown.
Other rankings
Source: Eurostat — comparative price levels (HICP) and median equivalised net income Eurostat — comparative price levels (HICP) and median equivalised net income Price-level indices, EU-27 = 100, 2023.
Read our methodology — how these indices are sourced and computed.