Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 249 |
| 3rd | Hong Kong | 233 |
| 4th | Switzerland | 231 |
| 5th | Iceland | 221 |
| 6th | Norway | 216 |
| 7th | Ireland | 198 |
| 8th | Singapore | 197 |
| 9th | Qatar | 192 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Georgia | 73 |
| 104th | Egypt | 72 |
| 105th | Kazakhstan | 70 |
| 106th | Argentina | 68 |
| 107th | Tunisia | 68 |
| 108th | Armenia | 66 |
| 109th | Ukraine | 64 |
See the full Cost of Living Ranking by Country
Price Index:
To calculate each country's Price Index value, we start by assigning a value of 100 to a
central reference country (that happens to be the Czech Republic).
Once the reference point has been established, the Price Index value of every other country in the
database is calculated by comparing their cost of living to the cost of living in the Czech Republic.
Therefore, if a country has a Price Index of 134, that means that living there is 34% more expensive than living in the Czech Republic.
Other Country Comparisons
- Cost of living in Iraq is 51% cheaper than in United Kingdom
- Cost of living in Malta is 5% cheaper than in Italy
- Cost of living in Ukraine is 45% cheaper than in Taiwan
- Cost of living in Bahrain is 63% more expensive than in Azerbaijan
- Cost of living in United States is 36% more expensive than in Spain
- Cost of living in Malaysia is about the same as in Bangladesh
- Cost of living in Cayman Islands is 14% cheaper than in Bermuda
- Cost of living in Uruguay is 60% more expensive than in Macedonia
- Cost of living in Romania is 57% cheaper than in United Arab Emirates
- Cost of living in Tunisia is 65% cheaper than in Denmark