Cost of living in Europe

The guide is divided into two sections; the first one is the price levels analyzed by Europe. In the

second, the data are provided by the index "Big Mac" analysis.

To determine the cost of living in Europe, the price levels of consumer goods and services in the

European Union (EU) is based on the price indices comparing the price levels of the countries

with the average, they are calculated using purchasing power parities.

The main expenditure items of the students are:

• Non-Alcoholic Food and Food

• Alcohol and tobacco

•Clothes

• Footwear

Costs of accommodation and transportation depends on the city of destination. For more

information, look to the IMP guidelines section.

Level of prices

Summary table*

Food and non-alcoholic food Alcoholic drinks and tobacco Countries higher expenditure Countries higher expenditure

Switzerland 1 Norway 1 Norway 2 United Kingdom 2 Denmark 3 Iceland 3 Iceland 4 Ireland 4 Sweden 5 Finland 5

Countries lower expenditure Countries lower expenditure

Serbia 34 Albania 34 Albania 35 Kosovo 35 Romania 36 Bosnia Herzegovina 36 Poland 37 Serbia 37 Macedonia 38 Macedonia 38

Clothes Footwear Countries higher expenditure Countries higher expenditure

Iceland 1 Iceland 1 Switzerland 2 Norway 2 Denmark 3 Denmark 3 Norway 4 Sweden 4 Sweden 5 Finland 5

Countries lower expenditure Countries lower expenditure

Spain 34 Slovenia 34 Hungary 35 Macedonia 35 Bulgaria 36 Czech Republic 36 Macedonia 37 Bulgaria 37 Turkey 38 Turkey 38

*Ranking countries from 1 to 38

Source Eurostat

Country

Price level index food and non-alcoholic food

Ranking

Switzerland 172 1

Norway 160 2

Denmark 145 3

Iceland 130 4

Sweden 124 5

Ireland 120 6

Austria 120 7

Finland 119 8

Luxembourg 117 9

United Kingdom 111 10

France 109 11

Italy 109 12

Belgium 108 13

Cyprus 107 14

Malt 104 15

Germany 103 16

Greece 103 17

Netherlands 98 18

Slovenia 96 19

Portugal 94 20

Spain 92 21

Croatia 91 22

Latvia 89 23

Slovakia 89 24

Turkey 89 25

Estonia 88 26

Czech Republic 79 27

Hungary 79 28

Lithuania 78 29

Montenegro 78 30

Bosnia Herzegovina 74 31

Kosovo 70 32

Bulgaria 70 33

Serbia 69 34

Albania 68 35

Romania 64 36

Poland 63 37

Macedonia 58 38

Country

Price level index alcoholic drinks and tobacco

Ranking

Norway 222 1

United Kingdom 180 2

Iceland 174 3

Ireland 170 4

Finland 132 5

Switzerland 130 6

Sweden 127 7

Denmark 120 8

Netherlands 106 9

France 103 10

Austria 98 11

Belgium 95 12

Italy 95 13

Malt 95 14

Germany 92 15

Cyprus 90 16

Greece 89 17

Luxembourg 88 18

Portugal 86 19

Spain 85 20

Slovenia 80 21

Estonia 80 22

Latvia 80 23

Turkey 79 24

Slovakia 70 25

Croatia 70 26

Lithuania 70 27

Poland 70 28

Romania 69 29

Czech Republic 67 30

Hungary 65 31

Montenegro 57 32

Bulgaria 55 33

Albania 51 34

Kosovo 50 35

Bosnia Herzegovina 48 36

Serbia 47 37

Macedonia 38 38

Source Eurostat

Country

Price level index clothes Ranking

Iceland 152 1

Switzerland 134 2

Denmark 133 3

Norway 130 4

Sweden 129 5

Finland 120 6

Ireland 112 7

Belgium 108 8

Netherlands 107 9

Estonia 106 10

Letonia 102 11

Bosnia Herzegovina 102 12

Luxembourg 101 13

France 101 14

Italy 101 15

Malt 101 16

Slovakia 101 17

Germany 100 18

Greece 100 19

Austria 99 20

Lithuania 99 21

United Kingdom 98 22

Poland 98 23

Cyprus 97 24

Slovenia 97 25

Poland 96 26

Croatia 95 27

Montenegro 94 28

Serbia 93 29

Albania 93 30

Czech Republic 92 31

Romania 89 32

Kosovo 89 33

Spain 88 34

Hungary 80 35

Bulgaria 79 36

Macedonia 79 37

Turkey 63 38

Source Eurostat

Country Price level index

footwear Ranking

Iceland 153 1

Norway 132 2

Denmark 128 3

Sweden 125 4

Finland 121 5

Switzerland 117 6

Netherlands 113 7

Ireland 109 8

Belgium 108 9

Latvia 107 10

United Kingdom 106 11

Greece 105 12

Estonia 104 13

Montenegro 103 14

Bosnia Herzegovina 101 15

Austria 100 16

Germany 99 17

Italy 99 18

Lithuania 99 19

Luxembourg 98 20

Cyprus 97 21

Portugal 97 22

Slovakia 97 23

Hungary 97 24

France 96 25

Malt 96 26

Romania 95 27

Kosovo 95 28

Serbia 94 29

Spain 93 30

Croatia 92 31

Poland 88 32

Albania 85 33

Slovenia 84 34

Macedonia 81 35

Czech Republic 80 36

Bulgaria 78 37

Turkey 67 38

Fuente Eurostat

Country

Price level index transportation

Ranking

Iceland 152 1

United Kingdom 148 2

Switzerland 128 3

Norway 126 4

Denmark 121 5

Finland 120 6

Sweden 115 7

Germany 115 8

Netherlands 110 9

Ireland 107 10

France 103 11

Belgium 101 12

Austria 101 13

Cyprus 90 14

Slovenia 90 15

Portugal 83 16

Malt 83 17

Spain 78 18

Luxembourg 76 19

Greece 75 20

Croatia 74 21

Italy 67 22

Estonia 67 23

Bosnia Herzegovina 66 24

Hungary 64 25

Latvia 57 26

Lithuania 57 27

Poland 57 28

Serbia 54 29

Turkey 52 30

Montenegro 52 31 Czech Republic 49 32

Kosovo 48 33

Slovakia 46 34

Romania 46 35

Bulgaria 46 36

Macedonia 38 37

Albania 31 38

Fuente Eurostat

Index Big Mac

This index is based on the theory of purchasing power parity. The idea is that long term

exchange rates should go towards the rate that would match the prices of an identical

basket of goods and services (in this case a hamburger) in two countries.

0,00

1,00

2,00

3,00

4,00

5,00

6,00

7,00

4,095,08

2,51 2,52

5,85

2,57 2,18

5,55

7,00

1,67

5,38

Euros

Country Price in euros

Argentina 3,55

Australia 4,57

Brasil 5,08

United Kingdom 4,18

Canada 4,89

Chile 3,75

China 2,96

Colombia 3,23

Costa Rica 4,37

Czech Republic 3,24

Denmark 4,71

Egypt 2,75

Hungary 3,34

Indonesia 2,51

Israel 4,65

Japan 3,68

Mexico 2,52

Norway 5,85

Pakistan 3,80

Peru 3,21

Poland 2,57

Russia 2,18

South Corea 4,09

Sweden 5,55

Switzerland 7,00

Tailand 3,61

Ukraine 1,67

Uruguay 4,33

Venezuela 3,59

Vietnam 2,86

Austria 4,21

Belgium 4,62

Estonia 3,62

Finland 5,38

France 4,79

Germany 4,43

Grecee 3,91

Irland 4,67

Italy 4,91

Netherlands 4,03

Portugal 3,56

Spain 4,09