Statement:
In Italy the cost of living is higher than in South Korea

In the Cost of Living rating Italy holds position #22 2012 out of 90 and South Korea is #43 out of 90 2012.
Position of Italy is worse than position of South Korea.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Italy and South Korea, compared to most countries of the World.

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 58.47
    South Korea 'Cost of Living Index' value is 66.95
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 69.99
    South Korea 'Cost of Living Index' value is 76.46
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 68.95
    South Korea 'Cost of Living Index' value is 75.93
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 69.02
    South Korea 'Cost of Living Index' value is 75.16
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 69.68
    South Korea 'Cost of Living Index' value is 76.62
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 77.36
    South Korea 'Cost of Living Index' value is 81.07
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 69.65
    South Korea 'Cost of Living Index' value is 74.45
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 72.38
    South Korea 'Cost of Living Index' value is 77.80
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 95.76
    South Korea 'Cost of Living Index' value is 91.41
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 101.42
    South Korea 'Cost of Living Index' value is 80.44
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Italy 'Cost of Living Index' value is 94.82
    South Korea 'Cost of Living Index' value is 68.62