Compare cost of living between countries:
versus

Cost of Living Index by Country

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

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 292
2nd Cayman Islands 253
3rd Switzerland 235
4th Hong Kong 233
5th Iceland 221
6th Norway 221
7th Ireland 202
8th Singapore 200
9th Qatar 198
10th Denmark 191
103rd Armenia 71
104th Azerbaijan 71
105th Argentina 71
106th Georgia 70
107th Tunisia 70
108th Kazakhstan 69
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.