Cost of Living Index by Country
Scale:
- 65: Ukraine (cheapest)
- 100: Czech Republic
- 296: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 296 |
| 2nd | Cayman Islands | 255 |
| 3rd | Switzerland | 236 |
| 4th | Hong Kong | 236 |
| 5th | Iceland | 226 |
| 6th | Norway | 223 |
| 7th | Ireland | 203 |
| 8th | Singapore | 202 |
| 9th | Qatar | 201 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Argentina | 72 |
| 104th | Azerbaijan | 72 |
| 105th | Armenia | 72 |
| 106th | Georgia | 70 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 70 |
| 109th | Ukraine | 65 |
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 Sri Lanka is 56% cheaper than in Australia
- Cost of living in Taiwan is 50% more expensive than in Philippines
- Cost of living in Costa Rica is 43% more expensive than in Nigeria
- Cost of living in Morocco is 45% cheaper than in Austria
- Cost of living in Luxembourg is 138% more expensive than in Armenia
- Cost of living in Russia is 10% cheaper than in Guatemala
- Cost of living in Israel is 100% more expensive than in Indonesia
- Cost of living in Poland is 5% more expensive than in Malaysia
- Cost of living in El Salvador is 14% more expensive than in Bangladesh
- Cost of living in Mauritius is 66% more expensive than in Sri Lanka