Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 197 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 70 |
| 104th | Armenia | 68 |
| 105th | Turkey | 68 |
| 106th | Argentina | 67 |
| 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 Singapore is 109% more expensive than in Paraguay
- Cost of living in Cayman Islands is 207% more expensive than in Morocco
- Cost of living in Switzerland is 206% more expensive than in Vietnam
- Cost of living in Iceland is 131% more expensive than in Czech Republic
- Cost of living in Kazakhstan is 34% cheaper than in Ecuador
- Cost of living in Iceland is 33% more expensive than in France
- Cost of living in Zimbabwe is 20% more expensive than in Saudi Arabia
- Cost of living in Ireland is 13% more expensive than in Australia
- Cost of living in Albania is about the same as in Philippines
- Cost of living in Morocco is 45% cheaper than in Belgium