Compare cost of living between countries:

Cost of Living Index by Country

  • 64: 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 253
3rd Switzerland 235
4th Hong Kong 234
5th Iceland 226
6th Norway 224
7th Ireland 204
8th Singapore 200
9th Qatar 199
10th Denmark 192
102nd Argentina 72
103rd Azerbaijan 72
104th Armenia 71
105th Tunisia 70
106th Georgia 70
107th Kazakhstan 69
108th Ukraine 64
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.