Cost of Living Index by Country
Scale:
- 60: Turkey (cheapest)
- 100: Czech Republic
- 285: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 285 |
| 2nd | Cayman Islands | 244 |
| 3rd | Iceland | 241 |
| 4th | Switzerland | 235 |
| 5th | Hong Kong | 227 |
| 6th | Norway | 223 |
| 7th | Ireland | 202 |
| 8th | Qatar | 196 |
| 9th | Singapore | 192 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Kazakhstan | 68 |
| 102nd | Belarus | 67 |
| 103rd | Azerbaijan | 66 |
| 104th | Armenia | 65 |
| 105th | Argentina | 63 |
| 106th | Ukraine | 61 |
| 107th | Turkey | 60 |
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 Ethiopia is 74% more expensive than in Argentina
- Cost of living in Vietnam is 48% cheaper than in Belgium
- Cost of living in Uganda is 19% more expensive than in Macedonia
- Cost of living in Uruguay is 39% cheaper than in Ireland
- Cost of living in United States is 97% more expensive than in Peru
- Cost of living in Bahrain is 31% cheaper than in France
- Cost of living in Qatar is 103% more expensive than in Uganda
- Cost of living in Slovakia is 21% more expensive than in Macedonia
- Cost of living in Switzerland is 261% more expensive than in Pakistan
- Cost of living in Nepal is 15% cheaper than in Bangladesh