Cost of Living Index by Country
Scale:
- 65: Belarus (cheapest)
- 100: Czech Republic
- 277: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 277 |
| 2nd | Iceland | 255 |
| 3rd | Switzerland | 227 |
| 4th | Norway | 221 |
| 5th | Hong Kong | 213 |
| 6th | Ireland | 198 |
| 7th | Singapore | 196 |
| 8th | Denmark | 192 |
| 9th | Australia | 186 |
| 10th | United Kingdom | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 100th | Georgia | 72 |
| 101st | Egypt | 72 |
| 102nd | Kosovo | 71 |
| 103rd | Kazakhstan | 71 |
| 104th | Azerbaijan | 67 |
| 105th | Armenia | 66 |
| 106th | Belarus | 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 Montenegro is 62% cheaper than in Switzerland
- Cost of living in South Korea is 22% cheaper than in United Kingdom
- Cost of living in Sweden is 57% more expensive than in Saudi Arabia
- Cost of living in Tunisia is 37% more expensive than in Belarus
- Cost of living in Trinidad and Tobago is 18% cheaper than in United Arab Emirates
- Cost of living in Thailand is 40% more expensive than in Morocco
- Cost of living in Trinidad and Tobago is 59% more expensive than in Tunisia
- Cost of living in Montenegro is 9% more expensive than in Algeria
- Cost of living in Montenegro is 53% cheaper than in Australia
- Cost of living in Mauritius is 34% cheaper than in Australia