Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 250 |
| 3rd | Hong Kong | 250 |
| 4th | Switzerland | 241 |
| 5th | Bahamas | 233 |
| 6th | Ireland | 201 |
| 7th | United States | 200 |
| 8th | Norway | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 77 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 60 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 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 Bermuda is 200% more expensive than in Chile
- Cost of living in Cayman Islands is 186% more expensive than in Poland
- Cost of living in Portugal is 18% cheaper than in Belgium
- Cost of living in United States is about the same as in Ireland
- Cost of living in Japan is 9% more expensive than in Belgium
- Cost of living in Palestinian Territory is 8% more expensive than in Italy
- Cost of living in Panama is 36% cheaper than in Denmark
- Cost of living in Israel is 81% more expensive than in Guatemala
- Cost of living in Kosovo is 30% cheaper than in Mexico
- Cost of living in Venezuela is 46% cheaper than in United Kingdom