Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 249 |
| 3rd | Hong Kong | 233 |
| 4th | Switzerland | 231 |
| 5th | Iceland | 221 |
| 6th | Norway | 216 |
| 7th | Ireland | 198 |
| 8th | Singapore | 197 |
| 9th | Qatar | 192 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Georgia | 73 |
| 104th | Egypt | 72 |
| 105th | Kazakhstan | 70 |
| 106th | Argentina | 68 |
| 107th | Tunisia | 68 |
| 108th | Armenia | 66 |
| 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 Indonesia is 48% cheaper than in Finland
- Cost of living in Singapore is 170% more expensive than in Georgia
- Cost of living in New Zealand is 106% more expensive than in Thailand
- Cost of living in Taiwan is 24% cheaper than in Canada
- Cost of living in Brazil is 50% more expensive than in Argentina
- Cost of living in Iraq is 18% more expensive than in Bosnia and Herzegovina
- Cost of living in South Africa is 60% more expensive than in Ukraine
- Cost of living in South Africa is 46% cheaper than in Denmark
- Cost of living in Slovakia is 14% more expensive than in Indonesia
- Cost of living in Canada is 14% cheaper than in Australia