Cost of Living Index by Country
Scale:
- 63: 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 | 242 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 232 |
| 5th | Iceland | 231 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Qatar | 197 |
| 9th | Singapore | 195 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 100th | Georgia | 69 |
| 101st | Tunisia | 69 |
| 102nd | Kazakhstan | 69 |
| 103rd | Armenia | 67 |
| 104th | Argentina | 67 |
| 105th | Turkey | 66 |
| 106th | 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 Macedonia is 37% cheaper than in Spain
- Cost of living in Thailand is 34% cheaper than in Israel
- Cost of living in Malaysia is 5% more expensive than in Colombia
- Cost of living in Ukraine is 60% cheaper than in Canada
- Cost of living in Sweden is 8% cheaper than in United Arab Emirates
- Cost of living in Slovenia is 52% more expensive than in Bosnia and Herzegovina
- Cost of living in Switzerland is 64% more expensive than in South Korea
- Cost of living in Latvia is 29% more expensive than in Colombia
- Cost of living in Albania is 28% cheaper than in Thailand
- Cost of living in Turkey is 8% cheaper than in Egypt