Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 197 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Turkey | 68 |
| 105th | Armenia | 68 |
| 106th | Argentina | 67 |
| 107th | Ukraine | 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 Vietnam is 18% cheaper than in Moldova
- Cost of living in Cyprus is 11% more expensive than in Brazil
- Cost of living in Costa Rica is 22% cheaper than in Canada
- Cost of living in Palestinian Territory is 36% cheaper than in Hong Kong
- Cost of living in Turkey is 26% cheaper than in Moldova
- Cost of living in Pakistan is 55% cheaper than in South Korea
- Cost of living in Serbia is 59% cheaper than in Ireland
- Cost of living in Vietnam is 57% cheaper than in Netherlands
- Cost of living in Oman is 93% more expensive than in Armenia
- Cost of living in Moldova is 29% cheaper than in Spain