Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 274: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 274
2nd Iceland 254
3rd Switzerland 226
4th Norway 221
5th Hong Kong 211
6th Ireland 197
7th Singapore 194
8th Denmark 191
9th Australia 186
10th United Kingdom 184
100th Georgia 72
101st Kosovo 71
102nd Egypt 70
103rd Kazakhstan 70
104th Armenia 66
105th Belarus 63
106th Azerbaijan 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.