Cost of Living Index by Country
Scale:
- 65: Belarus (cheapest)
- 100: Czech Republic
- 276: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 276 |
| 2nd | Iceland | 255 |
| 3rd | Switzerland | 226 |
| 4th | Norway | 221 |
| 5th | Hong Kong | 212 |
| 6th | Ireland | 198 |
| 7th | Singapore | 195 |
| 8th | Denmark | 192 |
| 9th | Australia | 185 |
| 10th | United Kingdom | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 100th | Georgia | 72 |
| 101st | Kosovo | 71 |
| 102nd | Kazakhstan | 71 |
| 103rd | Egypt | 71 |
| 104th | Azerbaijan | 67 |
| 105th | Armenia | 66 |
| 106th | Belarus | 65 |
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 Peru is 17% more expensive than in Iran
- Cost of living in Netherlands is 137% more expensive than in Bolivia
- Cost of living in Guatemala is 6% more expensive than in Colombia
- Cost of living in Saudi Arabia is about the same as in Bangladesh
- Cost of living in Bahrain is 29% more expensive than in Paraguay
- Cost of living in Tunisia is 47% cheaper than in Japan
- Cost of living in Slovakia is 32% more expensive than in Bosnia and Herzegovina
- Cost of living in Hong Kong is 198% more expensive than in Egypt
- Cost of living in Guatemala is 30% more expensive than in Bolivia
- Cost of living in Paraguay is 14% more expensive than in Macedonia