Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Cayman Islands | 253 |
| 3rd | Switzerland | 235 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 221 |
| 6th | Norway | 221 |
| 7th | Ireland | 202 |
| 8th | Singapore | 200 |
| 9th | Qatar | 198 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Armenia | 71 |
| 104th | Azerbaijan | 71 |
| 105th | Argentina | 71 |
| 106th | Georgia | 70 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 69 |
| 109th | Ukraine | 64 |
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 Bermuda is 58% more expensive than in United Arab Emirates
- Cost of living in Hungary is 35% cheaper than in Belgium
- Cost of living in Costa Rica is 68% more expensive than in Azerbaijan
- Cost of living in Puerto Rico is 58% more expensive than in Guatemala
- Cost of living in Panama is 8% more expensive than in Costa Rica
- Cost of living in Namibia is about the same as in Dominican Republic
- Cost of living in Slovakia is 39% more expensive than in Georgia
- Cost of living in Spain is 42% more expensive than in Bangladesh
- Cost of living in Vietnam is 16% cheaper than in Iran
- Cost of living in Ireland is 91% more expensive than in Brazil