Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Hong Kong | 254 |
| 3rd | Cayman Islands | 251 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 236 |
| 6th | Ireland | 201 |
| 7th | United States | 199 |
| 8th | Norway | 199 |
| 9th | Denmark | 196 |
| 10th | Barbados | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 75th | 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 Norway is 19% more expensive than in Finland
- Cost of living in Cayman Islands is 180% more expensive than in Brazil
- Cost of living in Serbia is 54% cheaper than in Ireland
- Cost of living in Turkey is 21% cheaper than in Slovakia
- Cost of living in Bermuda is 389% more expensive than in India
- Cost of living in Uganda is 7% cheaper than in China
- Cost of living in Switzerland is 65% more expensive than in South Korea
- Cost of living in Luxembourg is 20% cheaper than in United States
- Cost of living in Sweden is 25% more expensive than in Portugal
- Cost of living in Hong Kong is 145% more expensive than in Guatemala