Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Cayman Islands | 253 |
| 3rd | Switzerland | 235 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 221 |
| 6th | Norway | 221 |
| 7th | Ireland | 202 |
| 8th | Singapore | 200 |
| 9th | Qatar | 198 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Armenia | 71 |
| 104th | Azerbaijan | 71 |
| 105th | Argentina | 71 |
| 106th | Georgia | 70 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 69 |
| 109th | 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.
Other Country Comparisons
- Cost of living in Qatar is 147% more expensive than in Sri Lanka
- Cost of living in Italy is 71% more expensive than in Bulgaria
- Cost of living in Pakistan is 34% cheaper than in Moldova
- Cost of living in Russia is 13% cheaper than in Honduras
- Cost of living in Trinidad and Tobago is 6% more expensive than in Jordan
- Cost of living in Indonesia is 5% more expensive than in Bolivia
- Cost of living in Cyprus is 23% more expensive than in Paraguay
- Cost of living in Serbia is 10% cheaper than in Iran
- Cost of living in El Salvador is 38% more expensive than in Nepal
- Cost of living in Qatar is 133% more expensive than in Belarus