Compare cost of living between countries:
versus

Cost of Living Index by Country

Scale:
  • 61: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 296: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 296
2nd Iceland 245
3rd Switzerland 241
4th Norway 219
5th Hong Kong 207
6th Ireland 200
7th Australia 194
8th Singapore 194
9th Denmark 188
10th United Kingdom 184
103rd Moldova 68
104th Sri Lanka 68
105th Tunisia 68
106th Armenia 65
107th Belarus 62
108th Egypt 62
109th Azerbaijan 61
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.