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.
Other Country Comparisons
- Cost of living in New Zealand is 85% more expensive than in Brazil
- Cost of living in Lithuania is 8% more expensive than in Honduras
- Cost of living in Nigeria is 42% cheaper than in Italy
- Cost of living in Panama is 51% more expensive than in Russia
- Cost of living in Serbia is 16% cheaper than in China
- Cost of living in Tunisia is 12% cheaper than in Russia
- Cost of living in France is 163% more expensive than in Azerbaijan
- Cost of living in Oman is 11% cheaper than in South Korea
- Cost of living in Uruguay is 26% cheaper than in Finland
- Cost of living in Latvia is about the same as in Kenya