Cost of Living Index by Country
Scale:
- 67: Ukraine (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Iceland | 256 |
| 3rd | Cayman Islands | 247 |
| 4th | Switzerland | 234 |
| 5th | Norway | 228 |
| 6th | Hong Kong | 221 |
| 7th | Ireland | 205 |
| 8th | Singapore | 199 |
| 9th | Qatar | 193 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 99th | Sri Lanka | 72 |
| 100th | India | 71 |
| 101st | Azerbaijan | 71 |
| 102nd | Egypt | 71 |
| 103rd | Belarus | 70 |
| 104th | Armenia | 67 |
| 105th | Ukraine | 67 |
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 Nigeria is 60% cheaper than in Ireland
- Cost of living in Portugal is 4% cheaper than in Ethiopia
- Cost of living in Luxembourg is 120% more expensive than in Macedonia
- Cost of living in Kuwait is 98% more expensive than in Philippines
- Cost of living in Estonia is 10% more expensive than in Uganda
- Cost of living in Turkey is 7% cheaper than in Bulgaria
- Cost of living in Russia is 16% cheaper than in Latvia
- Cost of living in Honduras is 59% cheaper than in Hong Kong
- Cost of living in Lithuania is 5% cheaper than in China
- Cost of living in Lebanon is 26% cheaper than in United Arab Emirates