Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 249 |
| 3rd | Hong Kong | 233 |
| 4th | Switzerland | 231 |
| 5th | Iceland | 221 |
| 6th | Norway | 216 |
| 7th | Ireland | 198 |
| 8th | Singapore | 197 |
| 9th | Qatar | 192 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Georgia | 73 |
| 104th | Egypt | 72 |
| 105th | Kazakhstan | 70 |
| 106th | Argentina | 68 |
| 107th | Tunisia | 68 |
| 108th | Armenia | 66 |
| 109th | Ukraine | 64 |
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 Cyprus is 16% more expensive than in China
- Cost of living in Bermuda is 258% more expensive than in Macedonia
- Cost of living in Iran is 6% more expensive than in Hungary
- Cost of living in Turkey is 12% cheaper than in Indonesia
- Cost of living in Costa Rica is 31% cheaper than in United States
- Cost of living in Trinidad and Tobago is 115% more expensive than in Kazakhstan
- Cost of living in Slovenia is 20% more expensive than in Zambia
- Cost of living in Iceland is 91% more expensive than in Saudi Arabia
- Cost of living in Tanzania is 4% cheaper than in Taiwan
- Cost of living in Thailand is 6% more expensive than in Bolivia