Cost of Living Index by Country
Scale:
- 70: Armenia (cheapest)
- 100: Czech Republic
- 293: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 293 |
| 2nd | Iceland | 258 |
| 3rd | Cayman Islands | 255 |
| 4th | Switzerland | 236 |
| 5th | Norway | 226 |
| 6th | Hong Kong | 225 |
| 7th | Ireland | 206 |
| 8th | Singapore | 203 |
| 9th | Qatar | 196 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Ukraine | 74 |
| 103rd | Tunisia | 74 |
| 104th | India | 73 |
| 105th | Azerbaijan | 71 |
| 106th | Sri Lanka | 71 |
| 107th | Belarus | 70 |
| 108th | Armenia | 70 |
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 106% more expensive than in Serbia
- Cost of living in Philippines is about the same as in Nigeria
- Cost of living in Pakistan is 27% cheaper than in Malaysia
- Cost of living in Singapore is 154% more expensive than in Morocco
- Cost of living in Vietnam is 5% cheaper than in Nepal
- Cost of living in United States is 52% more expensive than in Jamaica
- Cost of living in Mexico is 21% cheaper than in Dominican Republic
- Cost of living in Hong Kong is 221% more expensive than in Belarus
- Cost of living in Guatemala is 46% cheaper than in United Arab Emirates
- Cost of living in Luxembourg is 8% cheaper than in Denmark