Cost of Living Index by Country
Scale:
- 63: Turkey (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 242 |
| 5th | Hong Kong | 232 |
| 6th | Norway | 227 |
| 7th | Qatar | 208 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 71 |
| 104th | India | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 68 |
| 107th | Ukraine | 66 |
| 108th | Turkey | 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 Uruguay is 30% more expensive than in Moldova
- Cost of living in Tunisia is 49% cheaper than in South Korea
- Cost of living in Iceland is 151% more expensive than in Moldova
- Cost of living in Luxembourg is 7% cheaper than in Australia
- Cost of living in Uruguay is 9% cheaper than in Germany
- Cost of living in Fiji is 63% cheaper than in Bermuda
- Cost of living in Costa Rica is about the same as in Spain
- Cost of living in Indonesia is 24% more expensive than in Armenia
- Cost of living in Malta is 7% more expensive than in Panama
- Cost of living in Georgia is 9% cheaper than in Bulgaria