Cost of Living Index by Country
Scale:
- 63: Turkey (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 242 |
| 5th | Hong Kong | 232 |
| 6th | Norway | 227 |
| 7th | Qatar | 208 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 71 |
| 104th | India | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 68 |
| 107th | Ukraine | 66 |
| 108th | Turkey | 63 |
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 Philippines is about the same as in Iraq
- Cost of living in Namibia is 67% cheaper than in Bermuda
- Cost of living in Chile is 59% more expensive than in Belarus
- Cost of living in South Africa is about the same as in Moldova
- Cost of living in Serbia is 16% cheaper than in Lithuania
- Cost of living in Cayman Islands is 51% more expensive than in Finland
- Cost of living in Bermuda is 56% more expensive than in Angola
- Cost of living in Ukraine is 66% cheaper than in Angola
- Cost of living in Tunisia is 42% cheaper than in Myanmar
- Cost of living in Hungary is 26% cheaper than in Ethiopia