Compare cost of living between countries:

Cost of Living Index by Country

  • 64: Ukraine (cheapest)
  • 100: Czech Republic
  • 287: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 287
2nd Cayman Islands 248
3rd Switzerland 233
4th Hong Kong 231
5th Iceland 223
6th Norway 218
7th Singapore 198
8th Ireland 198
9th Qatar 194
10th Denmark 190
102nd Azerbaijan 71
103rd Armenia 71
104th Georgia 70
105th Kazakhstan 69
106th Tunisia 68
107th Argentina 68
108th 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.