Compare cost of living between countries:

Cost of Living Index by Country

  • 65: Turkey (cheapest)
  • 100: Czech Republic
  • 297: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 297
2nd Iceland 262
3rd Cayman Islands 254
4th Switzerland 240
5th Hong Kong 230
6th Norway 225
7th Qatar 207
8th Ireland 203
9th Singapore 200
10th Denmark 191
102nd Azerbaijan 71
103rd India 71
104th Belarus 71
105th Egypt 71
106th Armenia 67
107th Ukraine 65
108th Turkey 65
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.