For cost of living in Azerbaijan and in Baku check the link. Don't be surprised to find the prices much higher than in some European capitals. Baku is rated in the top 20 as most expensive cities in the world to live. It's an oil city! The flood of petrodollars into the local economy have inflated prices for nearly everything and depreciated the cost of money. In fact, Baku is one of the most expensive capitals in former Soviet Union space.