Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Hong Kong | 256 |
| 3rd | Cayman Islands | 253 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 235 |
| 6th | United States | 202 |
| 7th | Ireland | 201 |
| 8th | Norway | 198 |
| 9th | Denmark | 196 |
| 10th | Barbados | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 59 |
| 75th | Ukraine | 58 |
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 China is 39% cheaper than in United Arab Emirates
- Cost of living in Uruguay is 29% more expensive than in Guatemala
- Cost of living in Switzerland is 6% cheaper than in Hong Kong
- Cost of living in Bermuda is 103% more expensive than in South Korea
- Cost of living in Venezuela is about the same as in Uganda
- Cost of living in Vietnam is 35% cheaper than in Belgium
- Cost of living in Slovenia is 10% more expensive than in Estonia
- Cost of living in Ukraine is 62% cheaper than in Macao
- Cost of living in Panama is about the same as in Italy
- Cost of living in Peru is 59% cheaper than in Israel