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 | 245 |
| 3rd | Switzerland | 236 |
| 4th | Hong Kong | 234 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 199 |
| 9th | Singapore | 197 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Tunisia | 71 |
| 102nd | Azerbaijan | 71 |
| 103rd | Kazakhstan | 70 |
| 104th | Turkey | 69 |
| 105th | Armenia | 69 |
| 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 Slovakia is 50% cheaper than in Singapore
- Cost of living in El Salvador is 46% cheaper than in Denmark
- Cost of living in Trinidad and Tobago is 11% cheaper than in Japan
- Cost of living in Guatemala is 45% cheaper than in Finland
- Cost of living in Nepal is 44% cheaper than in Spain
- Cost of living in Namibia is 20% more expensive than in Bolivia
- Cost of living in Ukraine is 46% cheaper than in Ethiopia
- Cost of living in South Africa is 18% more expensive than in Peru
- Cost of living in Hong Kong is 182% more expensive than in Belarus
- Cost of living in Bahrain is 30% more expensive than in Honduras