Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 248 |
| 3rd | Switzerland | 233 |
| 4th | Hong Kong | 231 |
| 5th | Iceland | 223 |
| 6th | Norway | 218 |
| 7th | Singapore | 198 |
| 8th | Ireland | 198 |
| 9th | Qatar | 194 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Armenia | 71 |
| 104th | Georgia | 70 |
| 105th | Kazakhstan | 69 |
| 106th | Tunisia | 68 |
| 107th | Argentina | 68 |
| 108th | 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.
Other Country Comparisons
- Cost of living in Trinidad and Tobago is 39% more expensive than in Ethiopia
- Cost of living in Estonia is 38% more expensive than in Sri Lanka
- Cost of living in United States is 112% more expensive than in Russia
- Cost of living in Malta is 6% cheaper than in Lebanon
- Cost of living in Macedonia is 9% cheaper than in Bangladesh
- Cost of living in Vietnam is 15% cheaper than in Peru
- Cost of living in Norway is 23% more expensive than in United Kingdom
- Cost of living in Qatar is 37% more expensive than in Belgium
- Cost of living in Peru is 35% cheaper than in Italy
- Cost of living in Trinidad and Tobago is 17% cheaper than in Australia