Compare cost of living between countries:

Cost of Living Index by Country

  • 56: Ukraine (cheapest)
  • 100: Czech Republic
  • 300: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 300
2nd Cayman Islands 252
3rd Iceland 243
4th Switzerland 238
5th Norway 218
6th Angola 212
7th Hong Kong 209
8th Ireland 200
9th Singapore 195
10th Australia 195
104th Sri Lanka 66
105th Armenia 66
106th India 62
107th Azerbaijan 62
108th Tunisia 57
109th Egypt 57
110th Ukraine 56
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.