Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 310: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 310
2nd Iceland 262
3rd Switzerland 238
4th Norway 226
5th Hong Kong 215
6th Ireland 201
7th Singapore 197
8th Denmark 194
9th Australia 192
10th United Kingdom 184
103rd Georgia 77
104th Bolivia 73
105th Kazakhstan 73
106th Kosovo 71
107th Belarus 68
108th Armenia 65
109th 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.