Cost of Living Index by Country
Scale:
- 60: Argentina (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 245 |
| 3rd | Iceland | 241 |
| 4th | Switzerland | 235 |
| 5th | Hong Kong | 228 |
| 6th | Norway | 224 |
| 7th | Ireland | 201 |
| 8th | Qatar | 198 |
| 9th | Singapore | 193 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Kazakhstan | 68 |
| 102nd | Belarus | 67 |
| 103rd | Azerbaijan | 66 |
| 104th | Armenia | 65 |
| 105th | Ukraine | 61 |
| 106th | Turkey | 60 |
| 107th | Argentina | 60 |
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 Romania is 6% more expensive than in Nepal
- Cost of living in Sweden is 153% more expensive than in Armenia
- Cost of living in Nigeria is about the same as in Iran
- Cost of living in Iceland is 22% more expensive than in Qatar
- Cost of living in Tanzania is 6% more expensive than in Guatemala
- Cost of living in Morocco is about the same as in Bolivia
- Cost of living in Uganda is 19% more expensive than in Russia
- Cost of living in Peru is 23% more expensive than in Egypt
- Cost of living in Iceland is 100% more expensive than in Greece
- Cost of living in Namibia is 7% cheaper than in South Africa