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Cost of Living Index by Country

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

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 302
2nd Hong Kong 263
3rd Bahamas 240
4th Switzerland 236
5th Singapore 234
6th Israel 193
7th Ireland 192
8th United States 191
9th Qatar 190
10th Norway 188
71st Peru 76
72nd Bolivia 71
73rd Tanzania 65
74th Colombia 65
75th Kosovo 61
76th India 59
77th 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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