Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 197 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Turkey | 68 |
| 105th | Armenia | 68 |
| 106th | Argentina | 67 |
| 107th | Ukraine | 63 |
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 Zimbabwe is 33% cheaper than in Ireland
- Cost of living in Cayman Islands is 70% more expensive than in Belgium
- Cost of living in Turkey is 7% cheaper than in Nepal
- Cost of living in Nigeria is about the same as in Macedonia
- Cost of living in Qatar is 150% more expensive than in Nicaragua
- Cost of living in Sweden is 74% more expensive than in Honduras
- Cost of living in Cyprus is 6% cheaper than in Panama
- Cost of living in Myanmar is 23% cheaper than in Greece
- Cost of living in Ukraine is 37% cheaper than in China
- Cost of living in Iceland is 37% more expensive than in Japan