Cost of Living Index by Country
Scale:
- 65: Turkey (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 240 |
| 5th | Hong Kong | 230 |
| 6th | Norway | 225 |
| 7th | Qatar | 207 |
| 8th | Ireland | 203 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | India | 71 |
| 104th | Belarus | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 67 |
| 107th | Ukraine | 65 |
| 108th | Turkey | 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 Bermuda is 149% more expensive than in Portugal
- Cost of living in South Korea is 103% more expensive than in India
- Cost of living in Netherlands is 74% more expensive than in Ecuador
- Cost of living in Japan is 105% more expensive than in Iraq
- Cost of living in Poland is 6% more expensive than in Iraq
- Cost of living in Namibia is 59% cheaper than in Switzerland
- Cost of living in Oman is 9% cheaper than in Austria
- Cost of living in Bermuda is 301% more expensive than in Sri Lanka
- Cost of living in Singapore is 139% more expensive than in Serbia
- Cost of living in Saudi Arabia is 15% more expensive than in Guatemala