Compare cost of living between countries:

Cost of Living Index by Country

  • 67: Ukraine (cheapest)
  • 100: Czech Republic
  • 292: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 292
2nd Iceland 259
3rd Cayman Islands 256
4th Switzerland 235
5th Norway 226
6th Hong Kong 223
7th Ireland 204
8th Singapore 199
9th Qatar 195
10th Denmark 192
99th Sri Lanka 72
100th Azerbaijan 71
101st India 71
102nd Egypt 71
103rd Belarus 70
104th Armenia 67
105th Ukraine 67
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.