Cost of Living Index by Country
Scale:
- 60: Argentina (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 244 |
| 3rd | Iceland | 242 |
| 4th | Switzerland | 235 |
| 5th | Hong Kong | 229 |
| 6th | Norway | 224 |
| 7th | Ireland | 201 |
| 8th | Qatar | 198 |
| 9th | Singapore | 194 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Georgia | 69 |
| 102nd | Belarus | 68 |
| 103rd | Azerbaijan | 67 |
| 104th | Armenia | 66 |
| 105th | Ukraine | 61 |
| 106th | Turkey | 60 |
| 107th | Argentina | 60 |
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 Palestinian Territory is 25% cheaper than in Norway
- Cost of living in Philippines is about the same as in Nicaragua
- Cost of living in Luxembourg is about the same as in Sweden
- Cost of living in Tanzania is 23% more expensive than in Bolivia
- Cost of living in Slovenia is about the same as in Bahrain
- Cost of living in Palestinian Territory is 101% more expensive than in Mexico
- Cost of living in Peru is 40% cheaper than in South Korea
- Cost of living in Finland is 108% more expensive than in Bulgaria
- Cost of living in Malaysia is 25% cheaper than in Ethiopia
- Cost of living in Albania is 8% cheaper than in Serbia