Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 232 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Singapore | 197 |
| 9th | Qatar | 195 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Armenia | 69 |
| 105th | Turkey | 68 |
| 106th | Argentina | 68 |
| 107th | Ukraine | 63 |
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 Morocco is 13% more expensive than in Azerbaijan
- Cost of living in Malta is 31% more expensive than in Kenya
- Cost of living in Palestinian Territory is 26% more expensive than in Greece
- Cost of living in Estonia is 9% cheaper than in Portugal
- Cost of living in Netherlands is 122% more expensive than in Nicaragua
- Cost of living in Albania is 16% cheaper than in Dominican Republic
- Cost of living in Guatemala is 33% more expensive than in Armenia
- Cost of living in Lebanon is 36% more expensive than in Kenya
- Cost of living in South Africa is 48% cheaper than in Singapore
- Cost of living in Qatar is 114% more expensive than in Guatemala