Cost of Living Index by Country
Scale:
- 64: 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 | 249 |
| 3rd | Hong Kong | 233 |
| 4th | Switzerland | 232 |
| 5th | Iceland | 221 |
| 6th | Norway | 217 |
| 7th | Ireland | 199 |
| 8th | Singapore | 198 |
| 9th | Qatar | 196 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Georgia | 73 |
| 104th | Egypt | 73 |
| 105th | Armenia | 71 |
| 106th | Kazakhstan | 69 |
| 107th | Tunisia | 69 |
| 108th | Argentina | 68 |
| 109th | Ukraine | 64 |
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 Czech Republic is 9% cheaper than in Chile
- Cost of living in Guatemala is 45% cheaper than in United Kingdom
- Cost of living in Puerto Rico is 24% cheaper than in Denmark
- Cost of living in Malaysia is 8% more expensive than in Bulgaria
- Cost of living in Uruguay is 61% more expensive than in Macedonia
- Cost of living in Nigeria is about the same as in Bolivia
- Cost of living in Serbia is 7% cheaper than in Poland
- Cost of living in Cayman Islands is 86% more expensive than in Mauritius
- Cost of living in Turkey is 59% cheaper than in Australia
- Cost of living in Nepal is 8% cheaper than in Colombia