Cost of Living Index by Country
Scale:
- 63: Turkey (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 242 |
| 5th | Hong Kong | 232 |
| 6th | Norway | 227 |
| 7th | Qatar | 208 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 71 |
| 104th | India | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 68 |
| 107th | Ukraine | 66 |
| 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.
Other Country Comparisons
- Cost of living in Trinidad and Tobago is 37% more expensive than in Croatia
- Cost of living in South Africa is 50% cheaper than in Ireland
- Cost of living in Dominican Republic is about the same as in Czech Republic
- Cost of living in Saudi Arabia is 25% cheaper than in Germany
- Cost of living in Kuwait is 56% more expensive than in Estonia
- Cost of living in Cayman Islands is 147% more expensive than in Brazil
- Cost of living in Qatar is 48% more expensive than in Italy
- Cost of living in Uganda is 23% cheaper than in Jordan
- Cost of living in Malta is 6% more expensive than in Costa Rica
- Cost of living in Puerto Rico is 35% more expensive than in Jamaica