Cost of Living Index by Country
Scale:
- 66: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Iceland | 256 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 234 |
| 5th | Norway | 228 |
| 6th | Hong Kong | 221 |
| 7th | Ireland | 204 |
| 8th | Singapore | 198 |
| 9th | Qatar | 193 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 99th | Sri Lanka | 71 |
| 100th | India | 71 |
| 101st | Azerbaijan | 70 |
| 102nd | Egypt | 70 |
| 103rd | Belarus | 70 |
| 104th | Armenia | 67 |
| 105th | Ukraine | 66 |
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 17% more expensive than in Finland
- Cost of living in Ukraine is 34% cheaper than in Brazil
- Cost of living in Turkey is 6% cheaper than in Argentina
- Cost of living in Thailand is 57% more expensive than in Egypt
- Cost of living in Tunisia is 23% cheaper than in Lithuania
- Cost of living in Finland is 91% more expensive than in Colombia
- Cost of living in Panama is 58% more expensive than in Georgia
- Cost of living in Norway is 183% more expensive than in Bolivia
- Cost of living in Israel is 43% more expensive than in Greece
- Cost of living in Portugal is about the same as in Ethiopia