Compare cost of living between countries:

Cost of Living Index by Country

  • 60: Turkey (cheapest)
  • 100: Czech Republic
  • 299: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 299
2nd Iceland 261
3rd Cayman Islands 256
4th Switzerland 242
5th Hong Kong 232
6th Norway 228
7th Qatar 209
8th Ireland 204
9th Singapore 200
10th Denmark 191
102nd Azerbaijan 71
103rd India 71
104th Egypt 71
105th Belarus 71
106th Armenia 67
107th Ukraine 65
108th Turkey 60
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.