Cost of Living Index by Country
Scale:
- 63: 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 | 247 |
| 3rd | Hong Kong | 230 |
| 4th | Switzerland | 224 |
| 5th | Iceland | 222 |
| 6th | Norway | 214 |
| 7th | Ireland | 195 |
| 8th | Singapore | 194 |
| 9th | Qatar | 192 |
| 10th | Denmark | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Bosnia and Herzegovina | 72 |
| 104th | Egypt | 71 |
| 105th | Argentina | 69 |
| 106th | Azerbaijan | 69 |
| 107th | Tunisia | 67 |
| 108th | Armenia | 64 |
| 109th | 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.
Other Country Comparisons
- Cost of living in Ukraine is 63% cheaper than in Netherlands
- Cost of living in Estonia is 46% more expensive than in Bosnia and Herzegovina
- Cost of living in Ethiopia is 25% more expensive than in Bangladesh
- Cost of living in Peru is 10% cheaper than in China
- Cost of living in Guatemala is 5% more expensive than in Ecuador
- Cost of living in Indonesia is 12% cheaper than in Belarus
- Cost of living in Ethiopia is 11% more expensive than in Belarus
- Cost of living in Slovenia is 61% more expensive than in Egypt
- Cost of living in Bermuda is 79% more expensive than in Israel
- Cost of living in Oman is 24% more expensive than in Brazil