Compare cost of living between countries:
versus

Cost of Living Index by Country

Scale:
  • 59: Argentina (cheapest)
  • 100: Czech Republic
  • 286: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 286
2nd Iceland 243
3rd Cayman Islands 242
4th Switzerland 236
5th Hong Kong 227
6th Norway 223
7th Ireland 201
8th Qatar 198
9th Singapore 192
10th Denmark 189
102nd Kazakhstan 66
103rd Belarus 66
104th Azerbaijan 66
105th Armenia 65
106th Ukraine 60
107th Turkey 59
108th Argentina 59
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.