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Cost of Living Index by Country

Scale:
  • 58: Ukraine (cheapest)
  • 100: Czech Republic
  • 291: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 291
2nd Hong Kong 251
3rd Switzerland 241
4th Bahamas 235
5th United States 203
6th Ireland 201
7th Norway 198
8th Denmark 196
9th Barbados 192
10th Israel 188
67th Peru 78
68th Bolivia 73
69th Kosovo 65
70th Colombia 61
71st India 59
72nd Tanzania 59
73rd Ukraine 58
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.

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