Compare cost of living between countries:
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Cost of Living Index by Country

Scale:
  • 64: Armenia (cheapest)
  • 100: Czech Republic
  • 273: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 273
2nd Cayman Islands 253
3rd Iceland 230
4th Hong Kong 229
5th Switzerland 221
6th Norway 217
7th Bahamas 216
8th Qatar 197
9th Ireland 195
10th Singapore 195
101st Azerbaijan 72
102nd Moldova 70
103rd Argentina 70
104th Ukraine 69
105th Georgia 68
106th Tunisia 66
107th Armenia 64
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.