Cost of Living Index by Country
Scale:
- 65: Ukraine (cheapest)
- 100: Czech Republic
- 296: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 296 |
| 2nd | Cayman Islands | 255 |
| 3rd | Switzerland | 236 |
| 4th | Hong Kong | 236 |
| 5th | Iceland | 228 |
| 6th | Norway | 225 |
| 7th | Ireland | 203 |
| 8th | Singapore | 202 |
| 9th | Qatar | 201 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Argentina | 73 |
| 104th | Azerbaijan | 72 |
| 105th | Armenia | 72 |
| 106th | Georgia | 71 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 70 |
| 109th | Ukraine | 65 |
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 Iceland is 135% more expensive than in Honduras
- Cost of living in Cyprus is 34% cheaper than in United States
- Cost of living in Kenya is about the same as in Ecuador
- Cost of living in Luxembourg is 32% more expensive than in Bahrain
- Cost of living in Oman is 15% more expensive than in Greece
- Cost of living in Tunisia is 26% cheaper than in Moldova
- Cost of living in Malta is about the same as in Uruguay
- Cost of living in Switzerland is 263% more expensive than in Ukraine
- Cost of living in Taiwan is 48% more expensive than in Serbia
- Cost of living in South Africa is 24% more expensive than in Algeria