Leo, let's discuss the cost of living in Azerbaijan and Iran for our listeners. Azerbaijan's economy is largely oil and gas-based, but does this translate to lower living costs?
Azerbaijan's economy is driven by oil and gas, but this doesn't necessarily mean lower living costs. Baku, for instance, has high rent, comparable to some European cities.
So, Baku is expensive, but what about outside the capital?
Outside Baku, the cost of living is considerably lower. Housing and daily expenses are more affordable.
And what about Iran? I imagine the cost of living there is quite different.
Iran's economy is less stable due to sanctions and inflation, making the cost of living unpredictable. While it can be relatively low compared to other nations, prices fluctuate significantly.
So, it's a bit of a gamble. What about job opportunities for expats in both countries?
In Azerbaijan, oil and gas remain dominant sectors, but tech and tourism are growing. Iran's job market is smaller and influenced by sanctions. Opportunities depend heavily on your field.
What about income inequality?
Both countries experience income inequality. Minimum wage earners feel the pinch of rising prices.
What advice would you give to listeners considering relocation?
Thorough research is crucial. Understand the local economy and anticipate price fluctuations. Azerbaijan offers more stability, while Iran can be surprisingly affordable, but with inherent risks.
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