Compare cost of living between countries:
versus

Cost of Living Index by Country

Scale:
  • 60: Turkey (cheapest)
  • 100: Czech Republic
  • 285: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 285
2nd Cayman Islands 244
3rd Iceland 241
4th Switzerland 235
5th Hong Kong 227
6th Norway 223
7th Ireland 202
8th Qatar 196
9th Singapore 192
10th Denmark 190
101st Kazakhstan 68
102nd Belarus 67
103rd Azerbaijan 66
104th Armenia 65
105th Argentina 63
106th Ukraine 61
107th Turkey 60
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.