Compare cost of living between countries:
versus

Cost of Living Index by Country

Scale:
  • 63: Ukraine (cheapest)
  • 100: Czech Republic
  • 288: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 288
2nd Cayman Islands 244
3rd Switzerland 234
4th Hong Kong 233
5th Iceland 231
6th Norway 227
7th Ireland 202
8th Qatar 198
9th Singapore 197
10th Denmark 192
101st Azerbaijan 70
102nd Kazakhstan 70
103rd Georgia 70
104th Armenia 68
105th Turkey 68
106th Argentina 67
107th Ukraine 63
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.