Compare cost of living between countries:

Cost of Living Index by Country

  • 64: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 289
2nd Cayman Islands 249
3rd Hong Kong 233
4th Switzerland 231
5th Iceland 221
6th Norway 216
7th Ireland 198
8th Singapore 197
9th Qatar 192
10th Denmark 191
103rd Georgia 73
104th Egypt 72
105th Kazakhstan 70
106th Argentina 68
107th Tunisia 68
108th Armenia 66
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.