Cost of Living Index by Country
Scale:
- 59: Argentina (cheapest)
- 100: Czech Republic
- 286: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 286 |
| 2nd | Iceland | 243 |
| 3rd | Cayman Islands | 242 |
| 4th | Switzerland | 236 |
| 5th | Hong Kong | 227 |
| 6th | Norway | 223 |
| 7th | Ireland | 201 |
| 8th | Qatar | 198 |
| 9th | Singapore | 192 |
| 10th | Denmark | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Kazakhstan | 66 |
| 103rd | Belarus | 66 |
| 104th | Azerbaijan | 66 |
| 105th | Armenia | 65 |
| 106th | Ukraine | 60 |
| 107th | Turkey | 59 |
| 108th | Argentina | 59 |
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 Portugal is 27% more expensive than in Dominican Republic
- Cost of living in Macedonia is 47% cheaper than in Austria
- Cost of living in Myanmar is 47% cheaper than in Australia
- Cost of living in Vietnam is 23% cheaper than in Ecuador
- Cost of living in Nepal is 57% cheaper than in France
- Cost of living in Thailand is 35% cheaper than in Japan
- Cost of living in Ireland is 117% more expensive than in Brazil
- Cost of living in Thailand is 9% cheaper than in Portugal
- Cost of living in Macedonia is 19% more expensive than in Belarus
- Cost of living in Bahrain is about the same as in Portugal