Cost of Living Index by Country
Scale:
- 66: Belarus (cheapest)
- 100: Czech Republic
- 281: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 281 |
| 2nd | Iceland | 257 |
| 3rd | Switzerland | 228 |
| 4th | Norway | 220 |
| 5th | Hong Kong | 216 |
| 6th | Ireland | 200 |
| 7th | Singapore | 197 |
| 8th | Denmark | 193 |
| 9th | United Kingdom | 185 |
| 10th | Australia | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Egypt | 73 |
| 102nd | Georgia | 72 |
| 103rd | Kazakhstan | 72 |
| 104th | Kosovo | 71 |
| 105th | Azerbaijan | 68 |
| 106th | Armenia | 67 |
| 107th | Belarus | 66 |
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 Ukraine is about the same as in Nigeria
- Cost of living in Puerto Rico is 34% cheaper than in Angola
- Cost of living in Lebanon is 21% more expensive than in Croatia
- Cost of living in Taiwan is 46% cheaper than in Angola
- Cost of living in Pakistan is 54% cheaper than in Austria
- Cost of living in Tanzania is 32% more expensive than in Egypt
- Cost of living in Kenya is 41% cheaper than in Israel
- Cost of living in Russia is 38% cheaper than in Angola
- Cost of living in Lithuania is 5% more expensive than in Hungary
- Cost of living in Algeria is 48% cheaper than in Germany