Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Hong Kong | 253 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 233 |
| 6th | Ireland | 201 |
| 7th | Norway | 199 |
| 8th | United States | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 79 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 75th | Ukraine | 58 |
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 Germany is 55% more expensive than in Ivory Coast
- Cost of living in Japan is 12% cheaper than in United Arab Emirates
- Cost of living in Slovakia is 12% more expensive than in Mexico
- Cost of living in Tanzania is 10% cheaper than in Kosovo
- Cost of living in Venezuela is 16% cheaper than in Saudi Arabia
- Cost of living in Japan is 96% more expensive than in Indonesia
- Cost of living in Barbados is 85% more expensive than in Guatemala
- Cost of living in Japan is 79% more expensive than in Bosnia and Herzegovina
- Cost of living in Italy is 23% cheaper than in Finland
- Cost of living in Slovakia is 10% cheaper than in Portugal