Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 227 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 196 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 100th | Kazakhstan | 70 |
| 101st | Tunisia | 70 |
| 102nd | Azerbaijan | 70 |
| 103rd | Turkey | 69 |
| 104th | Argentina | 68 |
| 105th | Armenia | 68 |
| 106th | 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 Russia is 36% cheaper than in Spain
- Cost of living in Tanzania is 16% more expensive than in Russia
- Cost of living in Switzerland is 41% more expensive than in Finland
- Cost of living in Qatar is 11% more expensive than in Australia
- Cost of living in Kazakhstan is 61% cheaper than in United Kingdom
- Cost of living in Bahrain is 28% cheaper than in United States
- Cost of living in Qatar is 128% more expensive than in Iraq
- Cost of living in Palestinian Territory is 63% more expensive than in Bangladesh
- Cost of living in Kuwait is 62% more expensive than in Czech Republic
- Cost of living in Malta is 61% more expensive than in Belarus