Depends on your basket of goods. But in general, the necessities (food, public transport, HAIRCUTS) are a lot cheaper than other cities.
The expensive reputation stems from property prices, alcohol, and cars (because of the insanely expensive certificate you need before you can even get the car). Fine dining is more expensive as well. If you stay away from those expenditures and manage to find an affordable place away from central, the costs are fine.
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