Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Turkey (cheapest)
  • 100: Czech Republic
  • 296: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 296
2nd Iceland 260
3rd Cayman Islands 253
4th Switzerland 239
5th Hong Kong 230
6th Norway 222
7th Qatar 206
8th Ireland 204
9th Singapore 200
10th Denmark 191
102nd Azerbaijan 71
103rd Belarus 70
104th India 70
105th Egypt 70
106th Armenia 67
107th Ukraine 64
108th Turkey 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.