Compare cost of living between countries:
versus

Cost of Living Index by Country

Scale:
  • 65: Ukraine (cheapest)
  • 100: Czech Republic
  • 296: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 296
2nd Cayman Islands 255
3rd Switzerland 236
4th Hong Kong 236
5th Iceland 226
6th Norway 223
7th Ireland 203
8th Singapore 202
9th Qatar 201
10th Denmark 193
103rd Argentina 72
104th Azerbaijan 72
105th Armenia 72
106th Georgia 70
107th Tunisia 70
108th Kazakhstan 70
109th Ukraine 65
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.