Statement:
In Iceland the cost of living is higher than in Azerbaijan

In the Cost of Living rating Iceland holds position #10 2012 out of 90 and Azerbaijan is #40 out of 90 2012.
Position of Iceland is worse than position of Azerbaijan.
Iceland is leader of the "Cost of Living" rating. Living in Iceland is really expensive, compared to Azerbaijan

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 28.33
    Iceland 'Cost of Living Index' value is 86.59
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 30.04
    Iceland 'Cost of Living Index' value is 99.67
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 31.14
    Iceland 'Cost of Living Index' value is 90.19
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.81
    Iceland 'Cost of Living Index' value is 97.22
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.03
    Iceland 'Cost of Living Index' value is 112.64
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 31.93
    Iceland 'Cost of Living Index' value is 130.79
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 29.10
    Iceland 'Cost of Living Index' value is 99.68
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 42.20
    Iceland 'Cost of Living Index' value is 95.41
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 63.06
    Iceland 'Cost of Living Index' value is 113.58
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 78.25
    Iceland 'Cost of Living Index' value is 112.43
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Azerbaijan 'Cost of Living Index' value is 71.24
    Iceland 'Cost of Living Index' value is 103.60