Azerbaijan is in South Western Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range.
The economy of Azerbaijan has largely completed its post-Soviet transition into a major oil based economy with the completion of the Baku-Tbilisi-Ceyhan Pipeline.
Baku has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
Baku is currently ranked 81 overall, most expensive place in the world for expatriates to live, out of 300 international locations.
Comparing the cost of living in Baku basket by basket with Riyadh, Saudi Arabia, shows that in Baku…..more