Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Hong Kong | 251 |
| 3rd | Switzerland | 241 |
| 4th | Bahamas | 235 |
| 5th | United States | 203 |
| 6th | Ireland | 201 |
| 7th | Norway | 197 |
| 8th | Denmark | 196 |
| 9th | Barbados | 191 |
| 10th | Israel | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Peru | 79 |
| 69th | Bolivia | 72 |
| 70th | Kosovo | 65 |
| 71st | Colombia | 60 |
| 72nd | India | 59 |
| 73rd | Tanzania | 59 |
| 74th | 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 Costa Rica is 30% cheaper than in Canada
- Cost of living in India is 40% cheaper than in Chile
- Cost of living in Slovenia is 33% more expensive than in Vietnam
- Cost of living in Mauritius is 16% cheaper than in Estonia
- Cost of living in Hong Kong is 113% more expensive than in Spain
- Cost of living in El Salvador is 7% more expensive than in Serbia
- Cost of living in Malta is 103% more expensive than in Bolivia
- Cost of living in Luxembourg is 123% more expensive than in Bolivia
- Cost of living in Andorra is 67% more expensive than in Venezuela
- Cost of living in Mexico is 27% cheaper than in Italy