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Cost of Living Index by Country

Scale:
  • 58: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 289
2nd Hong Kong 254
3rd Cayman Islands 251
4th Switzerland 240
5th Bahamas 236
6th Ireland 201
7th United States 199
8th Norway 199
9th Denmark 196
10th Barbados 192
69th Peru 78
70th Bolivia 73
71st Kosovo 65
72nd Colombia 61
73rd India 59
74th Tanzania 58
75th Ukraine 58
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.

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