Cost of Living Index by Country
Scale:
- 63: Azerbaijan (cheapest)
- 100: Czech Republic
- 274: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 274 |
| 2nd | Iceland | 254 |
| 3rd | Switzerland | 226 |
| 4th | Norway | 221 |
| 5th | Hong Kong | 211 |
| 6th | Ireland | 197 |
| 7th | Singapore | 194 |
| 8th | Denmark | 191 |
| 9th | Australia | 186 |
| 10th | United Kingdom | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 100th | Georgia | 72 |
| 101st | Kosovo | 71 |
| 102nd | Egypt | 70 |
| 103rd | Kazakhstan | 70 |
| 104th | Armenia | 66 |
| 105th | Belarus | 63 |
| 106th | Azerbaijan | 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 Ireland is 150% more expensive than in Algeria
- Cost of living in Portugal is about the same as in China
- Cost of living in Iran is 66% cheaper than in Hong Kong
- Cost of living in Vietnam is 6% cheaper than in Ukraine
- Cost of living in New Zealand is 91% more expensive than in Poland
- Cost of living in Cyprus is 47% more expensive than in Mexico
- Cost of living in Poland is 17% cheaper than in Jamaica
- Cost of living in Botswana is 18% more expensive than in Nepal
- Cost of living in Bermuda is 52% more expensive than in France
- Cost of living in Montenegro is 23% more expensive than in Egypt