Cost of Living Index by Country
Scale:
- 65: Ukraine (cheapest)
- 100: Czech Republic
- 296: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 296 |
| 2nd | Cayman Islands | 255 |
| 3rd | Switzerland | 236 |
| 4th | Hong Kong | 236 |
| 5th | Iceland | 226 |
| 6th | Norway | 223 |
| 7th | Ireland | 203 |
| 8th | Singapore | 202 |
| 9th | Qatar | 201 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Argentina | 72 |
| 104th | Azerbaijan | 72 |
| 105th | Armenia | 72 |
| 106th | Georgia | 70 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 70 |
| 109th | Ukraine | 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.
Other Country Comparisons
- Cost of living in Macedonia is 10% more expensive than in Egypt
- Cost of living in Zimbabwe is 20% cheaper than in France
- Cost of living in Puerto Rico is 29% more expensive than in Slovenia
- Cost of living in New Zealand is 93% more expensive than in Iran
- Cost of living in Peru is 6% more expensive than in Belarus
- Cost of living in Taiwan is 9% more expensive than in Thailand
- Cost of living in Panama is 41% cheaper than in Norway
- Cost of living in Bermuda is 237% more expensive than in Iraq
- Cost of living in India is 52% cheaper than in Canada
- Cost of living in Costa Rica is 71% more expensive than in Georgia