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 Pakistan is 31% cheaper than in Czech Republic
- Cost of living in Ukraine is 62% cheaper than in France
- Cost of living in Trinidad and Tobago is 6% more expensive than in Oman
- Cost of living in Panama is 23% more expensive than in South Africa
- Cost of living in Singapore is 154% more expensive than in Romania
- Cost of living in Puerto Rico is 17% more expensive than in Panama
- Cost of living in Romania is 59% cheaper than in Angola
- Cost of living in Romania is 23% cheaper than in Ecuador
- Cost of living in Jamaica is 54% more expensive than in Azerbaijan
- Cost of living in Norway is 166% more expensive than in Iraq