Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Hong Kong | 251 |
| 3rd | Switzerland | 241 |
| 4th | Bahamas | 235 |
| 5th | United States | 203 |
| 6th | Ireland | 201 |
| 7th | Norway | 198 |
| 8th | Denmark | 196 |
| 9th | Barbados | 192 |
| 10th | Israel | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 67th | Peru | 78 |
| 68th | Bolivia | 73 |
| 69th | Kosovo | 65 |
| 70th | Colombia | 61 |
| 71st | India | 59 |
| 72nd | Tanzania | 59 |
| 73rd | Ukraine | 58 |
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 Bulgaria is about the same as in Mauritius
- Cost of living in Slovenia is 30% cheaper than in New Zealand
- Cost of living in Luxembourg is 58% more expensive than in Uganda
- Cost of living in Costa Rica is 55% more expensive than in Peru
- Cost of living in Serbia is 6% more expensive than in Brazil
- Cost of living in Estonia is 12% more expensive than in Uganda
- Cost of living in Slovenia is 21% cheaper than in Germany
- Cost of living in Panama is 35% cheaper than in Denmark
- Cost of living in Greece is 9% cheaper than in Spain
- Cost of living in Luxembourg is 9% cheaper than in New Zealand