Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 198 |
| 9th | Singapore | 197 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Turkey | 68 |
| 105th | Armenia | 68 |
| 106th | Argentina | 67 |
| 107th | Ukraine | 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.
Other Country Comparisons
- Cost of living in Luxembourg is 105% more expensive than in Colombia
- Cost of living in Albania is 50% cheaper than in Kuwait
- Cost of living in Ireland is 11% more expensive than in United Arab Emirates
- Cost of living in Mexico is 5% cheaper than in Iraq
- Cost of living in Sweden is 40% more expensive than in Greece
- Cost of living in France is 33% more expensive than in Spain
- Cost of living in Latvia is about the same as in Kenya
- Cost of living in Bermuda is 322% more expensive than in Armenia
- Cost of living in Panama is 52% more expensive than in Colombia
- Cost of living in Slovakia is 52% more expensive than in Pakistan