Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 197 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Turkey | 68 |
| 105th | Armenia | 68 |
| 106th | Argentina | 67 |
| 107th | Ukraine | 63 |
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 Lithuania is 40% more expensive than in Azerbaijan
- Cost of living in Bolivia is 45% cheaper than in Belgium
- Cost of living in Uruguay is 30% cheaper than in United Arab Emirates
- Cost of living in Panama is 37% more expensive than in Myanmar
- Cost of living in South Africa is 11% more expensive than in Hungary
- Cost of living in South Africa is 48% cheaper than in Singapore
- Cost of living in Estonia is 33% more expensive than in Belarus
- Cost of living in Tanzania is 28% cheaper than in Jordan
- Cost of living in Paraguay is 12% cheaper than in Ecuador
- Cost of living in Namibia is 34% more expensive than in Egypt