Compare cost of living between countries:

Cost of Living Index by Country

  • 22: Ghana (cheapest)
  • 100: Czech Republic
  • 258: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 258
2nd Hong Kong 233
3rd Iceland 230
4th Switzerland 223
5th Bahamas 221
6th Norway 213
7th Qatar 206
8th Ireland 199
9th Singapore 193
10th Denmark 189
100th Ukraine 71
101st Azerbaijan 70
102nd Kazakhstan 69
103rd Tunisia 68
104th Georgia 68
105th Namibia 28
106th Ghana 22
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.