Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 294: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 294 |
| 2nd | Cayman Islands | 247 |
| 3rd | Hong Kong | 229 |
| 4th | Switzerland | 225 |
| 5th | Iceland | 222 |
| 6th | Norway | 213 |
| 7th | Ireland | 195 |
| 8th | Singapore | 195 |
| 9th | Qatar | 190 |
| 10th | Denmark | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Bosnia and Herzegovina | 72 |
| 104th | Egypt | 71 |
| 105th | Argentina | 69 |
| 106th | Azerbaijan | 69 |
| 107th | Tunisia | 67 |
| 108th | Armenia | 64 |
| 109th | Ukraine | 63 |
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 41% cheaper than in Lebanon
- Cost of living in Namibia is 27% more expensive than in Bolivia
- Cost of living in Japan is 6% more expensive than in Israel
- Cost of living in Malta is 35% more expensive than in Ecuador
- Cost of living in Paraguay is 15% cheaper than in Kenya
- Cost of living in Bosnia and Herzegovina is 13% more expensive than in Armenia
- Cost of living in Sweden is 61% more expensive than in Brazil
- Cost of living in Macedonia is 5% more expensive than in India
- Cost of living in Malta is 33% more expensive than in Belarus
- Cost of living in Georgia is 6% more expensive than in Azerbaijan