Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 303: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 303 |
| 2nd | Hong Kong | 263 |
| 3rd | Bahamas | 240 |
| 4th | Switzerland | 237 |
| 5th | Singapore | 234 |
| 6th | United States | 192 |
| 7th | Ireland | 192 |
| 8th | Israel | 192 |
| 9th | Qatar | 190 |
| 10th | Norway | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Peru | 77 |
| 72nd | Bolivia | 73 |
| 73rd | Tanzania | 65 |
| 74th | Colombia | 65 |
| 75th | Kosovo | 61 |
| 76th | India | 59 |
| 77th | 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 Ukraine is 28% cheaper than in Malaysia
- Cost of living in South Korea is 19% more expensive than in China
- Cost of living in Mauritius is 50% cheaper than in United Arab Emirates
- Cost of living in Russia is 44% cheaper than in Israel
- Cost of living in Bermuda is 192% more expensive than in Croatia
- Cost of living in Colombia is 23% cheaper than in Bosnia and Herzegovina
- Cost of living in Andorra is 60% more expensive than in Uganda
- Cost of living in Serbia is 53% cheaper than in Denmark
- Cost of living in Kosovo is 34% cheaper than in Chile
- Cost of living in Tanzania is 25% cheaper than in Brazil