Cost of Living Index by Country
Scale:
- 56: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Hong Kong | 256 |
| 3rd | Switzerland | 236 |
| 4th | Bahamas | 232 |
| 5th | Singapore | 223 |
| 6th | Israel | 207 |
| 7th | Norway | 203 |
| 8th | United States | 186 |
| 9th | New Zealand | 185 |
| 10th | Ireland | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 74th | Botswana | 75 |
| 75th | Bangladesh | 69 |
| 76th | Colombia | 67 |
| 77th | Tanzania | 66 |
| 78th | Kosovo | 59 |
| 79th | India | 58 |
| 80th | Ukraine | 56 |
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 Bahamas is 197% more expensive than in Malaysia
- Cost of living in Slovakia is 29% more expensive than in Malaysia
- Cost of living in Andorra is 63% more expensive than in Chile
- Cost of living in Malta is about the same as in Macao
- Cost of living in Uganda is 53% cheaper than in Israel
- Cost of living in Chile is 9% more expensive than in Argentina
- Cost of living in Malta is 81% more expensive than in Poland
- Cost of living in Cambodia is 17% more expensive than in Bosnia and Herzegovina
- Cost of living in Senegal is 52% more expensive than in Peru
- Cost of living in Barbados is 47% more expensive than in Spain