Cost of Living Index by Country
Scale:
- 56: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Hong Kong | 256 |
| 3rd | Switzerland | 236 |
| 4th | Bahamas | 232 |
| 5th | Singapore | 223 |
| 6th | Israel | 207 |
| 7th | Norway | 203 |
| 8th | New Zealand | 186 |
| 9th | United States | 186 |
| 10th | Ireland | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 74th | Botswana | 75 |
| 75th | Bangladesh | 69 |
| 76th | Colombia | 67 |
| 77th | Tanzania | 66 |
| 78th | Kosovo | 59 |
| 79th | India | 58 |
| 80th | Ukraine | 56 |
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 Latvia is 35% cheaper than in Japan
- Cost of living in Switzerland is 297% more expensive than in Kosovo
- Cost of living in Saudi Arabia is 21% more expensive than in Chile
- Cost of living in Czech Republic is 27% cheaper than in Belgium
- Cost of living in Saudi Arabia is 23% cheaper than in Japan
- Cost of living in Philippines is 58% cheaper than in Norway
- Cost of living in Panama is 30% cheaper than in United States
- Cost of living in Bahrain is 42% more expensive than in Venezuela
- Cost of living in Tanzania is 31% cheaper than in Chile
- Cost of living in Estonia is 38% cheaper than in Denmark