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Cost of Living Index by Country

Scale:
  • 56: Ukraine (cheapest)
  • 100: Czech Republic
  • 295: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 295
2nd Hong Kong 258
3rd Switzerland 235
4th Bahamas 235
5th Singapore 224
6th Israel 205
7th Norway 201
8th United States 188
9th Ireland 186
10th United Kingdom 186
74th Botswana 75
75th Bangladesh 70
76th Tanzania 67
77th Colombia 65
78th Kosovo 60
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.

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