Compare cost of living between countries:

Cost of Living Index by Country

  • 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.