Cost of Living Index by Country
Scale:
- 63: Turkey (cheapest)
- 100: Czech Republic
- 296: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 296 |
| 2nd | Iceland | 260 |
| 3rd | Cayman Islands | 253 |
| 4th | Switzerland | 239 |
| 5th | Hong Kong | 230 |
| 6th | Norway | 222 |
| 7th | Qatar | 206 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 70 |
| 104th | India | 70 |
| 105th | Egypt | 70 |
| 106th | Armenia | 67 |
| 107th | Ukraine | 64 |
| 108th | Turkey | 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 Mexico is 20% cheaper than in Kenya
- Cost of living in United States is 94% more expensive than in Honduras
- Cost of living in Trinidad and Tobago is 24% more expensive than in Taiwan
- Cost of living in Mexico is about the same as in Bosnia and Herzegovina
- Cost of living in Iceland is 223% more expensive than in Nicaragua
- Cost of living in Tunisia is about the same as in Egypt
- Cost of living in Panama is 5% cheaper than in Spain
- Cost of living in Iceland is 109% more expensive than in Ethiopia
- Cost of living in Jordan is 25% more expensive than in China
- Cost of living in Sweden is 6% cheaper than in Israel