Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 250 |
| 3rd | Hong Kong | 250 |
| 4th | Switzerland | 241 |
| 5th | Bahamas | 233 |
| 6th | Ireland | 201 |
| 7th | United States | 200 |
| 8th | Norway | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 77 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 60 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 75th | 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 Vietnam is 39% cheaper than in Macao
- Cost of living in Bermuda is 59% more expensive than in Canada
- Cost of living in Cayman Islands is 34% more expensive than in Israel
- Cost of living in Australia is 22% more expensive than in Austria
- Cost of living in Qatar is 10% more expensive than in Finland
- Cost of living in Barbados is 48% more expensive than in Italy
- Cost of living in Qatar is 212% more expensive than in India
- Cost of living in El Salvador is 17% cheaper than in Spain
- Cost of living in Malaysia is about the same as in Bosnia and Herzegovina
- Cost of living in Brazil is about the same as in Argentina