Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 298: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 298 |
| 2nd | Hong Kong | 260 |
| 3rd | Bahamas | 239 |
| 4th | Switzerland | 235 |
| 5th | Singapore | 231 |
| 6th | Ireland | 191 |
| 7th | Norway | 190 |
| 8th | Israel | 189 |
| 9th | United States | 188 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Peru | 76 |
| 72nd | Bolivia | 71 |
| 73rd | Colombia | 66 |
| 74th | Tanzania | 64 |
| 75th | Kosovo | 61 |
| 76th | India | 59 |
| 77th | 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.
Other Country Comparisons
- Cost of living in Romania is 54% cheaper than in New Zealand
- Cost of living in Uruguay is 28% more expensive than in Greece
- Cost of living in Barbados is 107% more expensive than in Serbia
- Cost of living in United States is 67% more expensive than in Spain
- Cost of living in Kosovo is 34% cheaper than in Argentina
- Cost of living in Serbia is 56% cheaper than in Ireland
- Cost of living in Spain is 13% more expensive than in Czech Republic
- Cost of living in Ecuador is 48% cheaper than in Australia
- Cost of living in Uganda is 13% cheaper than in Portugal
- Cost of living in Greece is 41% cheaper than in Denmark