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)

1. 🇨🇭 Switzerland294292. 🇱🇺 Luxembourg285193. 🇳🇱 Netherlands252214. 🇩🇪 Germany248575. 🇦🇹 Austria245696. 🇧🇪 Belgium239297. 🇸🇪 Sweden239138. 🇮🇸 Iceland238569. 🇩🇰 Denmark2380310. 🇫🇷 France23611

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.

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.