Cost of Living Index by Country
Scale:
- 66: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Iceland | 257 |
| 3rd | Cayman Islands | 253 |
| 4th | Switzerland | 235 |
| 5th | Norway | 225 |
| 6th | Hong Kong | 223 |
| 7th | Ireland | 204 |
| 8th | Singapore | 198 |
| 9th | Qatar | 193 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 99th | Sri Lanka | 71 |
| 100th | Azerbaijan | 70 |
| 101st | India | 70 |
| 102nd | Egypt | 70 |
| 103rd | Belarus | 69 |
| 104th | Armenia | 66 |
| 105th | Ukraine | 66 |
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 Georgia is 56% cheaper than in France
- Cost of living in Portugal is 23% cheaper than in Canada
- Cost of living in Cayman Islands is 263% more expensive than in Egypt
- Cost of living in Cyprus is 34% cheaper than in Angola
- Cost of living in Ukraine is 5% cheaper than in Belarus
- Cost of living in Panama is 8% cheaper than in Uruguay
- Cost of living in Peru is 51% cheaper than in United Arab Emirates
- Cost of living in Guatemala is 42% more expensive than in Armenia
- Cost of living in Estonia is 10% cheaper than in Portugal
- Cost of living in Taiwan is 41% cheaper than in Singapore