Compare cost of living between countries:

Cost of Living Index by Country

  • 60: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 293: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 293
2nd Iceland 243
3rd Switzerland 240
4th Norway 215
5th Hong Kong 205
6th Ireland 200
7th Australia 193
8th Singapore 192
9th Denmark 188
10th United Kingdom 183
102nd Moldova 67
103rd Tunisia 66
104th Sri Lanka 65
105th Armenia 64
106th Egypt 62
107th Belarus 61
108th Azerbaijan 60
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.