Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 294: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 294 |
| 2nd | Cayman Islands | 253 |
| 3rd | Switzerland | 235 |
| 4th | Hong Kong | 234 |
| 5th | Iceland | 226 |
| 6th | Norway | 224 |
| 7th | Ireland | 204 |
| 8th | Singapore | 200 |
| 9th | Qatar | 199 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Argentina | 72 |
| 103rd | Azerbaijan | 72 |
| 104th | Armenia | 71 |
| 105th | Tunisia | 70 |
| 106th | Georgia | 70 |
| 107th | Kazakhstan | 69 |
| 108th | Ukraine | 64 |
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 Taiwan is 71% more expensive than in Turkey
- Cost of living in United States is 124% more expensive than in Romania
- Cost of living in Estonia is 38% cheaper than in Netherlands
- Cost of living in Russia is 63% cheaper than in Norway
- Cost of living in Hong Kong is 27% more expensive than in Australia
- Cost of living in Cayman Islands is 172% more expensive than in Guatemala
- Cost of living in Mexico is 6% cheaper than in Indonesia
- Cost of living in Palestinian Territory is 39% cheaper than in Switzerland
- Cost of living in Namibia is 49% cheaper than in Ireland
- Cost of living in Switzerland is 129% more expensive than in China