The cost of living in Belgrade is 42.5 percent compared to the cost of living in New York, according to the cost of living analysis conducted by the website Numbeo.
Behind Belgrade are Budva in Montenegro and Tirana in Albania. Although Tirana is considered cheap to live from the point of view of other Europeans, it is expensive for local people and income levels.
Analysis site Numbeo provides an overview of daily costs around the world, creating a list of the most expensive and cheapest cities in the world.
When it comes to the Western Balkans, one of the cheapest places to live in Europe is Pristina, followed by Nis (Serbia), Craiova (Romania) and Tuzla (Bosnia and Herzegovina).
In the top 10 cities in Switzerland and Norway
At the top of the list for 2023 is Basel, followed by Zurich, Lausanne, Zug and Bern, all in Switzerland, reports Nova Ekonomija.
Other cities that are among the top ten most expensive are also in Norway: Oslo, Stavanger, Bergen, Trondheim and Tromsø.
Copenhagen in Denmark, Espoo in Finland, Dublin in Ireland and Nice in France are also highly ranked in Europe.
Near the bottom of the list are cities in war-torn Ukraine, and in last place is the besieged city of Kharkiv.