Cost of Living Index by Country
Scale:
- 59: Ukraine (cheapest)
- 100: Czech Republic
- 310: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 310 |
| 2nd | Hong Kong | 269 |
| 3rd | Bahamas | 245 |
| 4th | Switzerland | 243 |
| 5th | Singapore | 238 |
| 6th | Israel | 198 |
| 7th | United States | 198 |
| 8th | Norway | 195 |
| 9th | Ireland | 194 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Romania | 79 |
| 72nd | Bolivia | 74 |
| 73rd | Colombia | 70 |
| 74th | Tanzania | 66 |
| 75th | Kosovo | 62 |
| 76th | India | 61 |
| 77th | Ukraine | 59 |
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 Guyana is 44% cheaper than in Denmark
- Cost of living in Malta is about the same as in Germany
- Cost of living in Vietnam is 8% cheaper than in Slovakia
- Cost of living in Saudi Arabia is 34% more expensive than in Argentina
- Cost of living in Fiji is 64% cheaper than in Hong Kong
- Cost of living in Mauritius is 16% cheaper than in Spain
- Cost of living in Canada is 95% more expensive than in Brazil
- Cost of living in Luxembourg is 7% cheaper than in New Zealand
- Cost of living in Venezuela is about the same as in Ivory Coast
- Cost of living in Venezuela is 10% cheaper than in Portugal