Compare cost of living between countries:

Cost of Living Index by Country

  • 66: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 289
2nd Iceland 256
3rd Cayman Islands 249
4th Switzerland 234
5th Norway 228
6th Hong Kong 221
7th Ireland 204
8th Singapore 198
9th Qatar 193
10th Denmark 190
99th Sri Lanka 71
100th India 71
101st Azerbaijan 70
102nd Egypt 70
103rd Belarus 70
104th Armenia 67
105th Ukraine 66
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.