Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 245 |
| 3rd | Switzerland | 236 |
| 4th | Hong Kong | 234 |
| 5th | Iceland | 231 |
| 6th | Norway | 226 |
| 7th | Ireland | 202 |
| 8th | Qatar | 199 |
| 9th | Singapore | 197 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Tunisia | 71 |
| 102nd | Azerbaijan | 71 |
| 103rd | Kazakhstan | 70 |
| 104th | Turkey | 69 |
| 105th | Armenia | 69 |
| 106th | Argentina | 68 |
| 107th | Ukraine | 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 Iceland is 227% more expensive than in Tunisia
- Cost of living in Italy is 40% more expensive than in Czech Republic
- Cost of living in Oman is 43% more expensive than in Hungary
- Cost of living in Puerto Rico is 13% cheaper than in Japan
- Cost of living in Estonia is 46% cheaper than in Ireland
- Cost of living in South Korea is 5% cheaper than in Austria
- Cost of living in Uruguay is 66% more expensive than in Sri Lanka
- Cost of living in Portugal is 80% more expensive than in Argentina
- Cost of living in Costa Rica is 33% more expensive than in Myanmar
- Cost of living in Oman is 97% more expensive than in Argentina