Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 247 |
| 3rd | Switzerland | 233 |
| 4th | Hong Kong | 232 |
| 5th | Iceland | 221 |
| 6th | Norway | 217 |
| 7th | Ireland | 199 |
| 8th | Singapore | 197 |
| 9th | Qatar | 195 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Egypt | 72 |
| 104th | Armenia | 70 |
| 105th | Georgia | 70 |
| 106th | Kazakhstan | 69 |
| 107th | Tunisia | 68 |
| 108th | Argentina | 68 |
| 109th | Ukraine | 64 |
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 Thailand is 5% more expensive than in Nigeria
- Cost of living in Malta is 61% more expensive than in Algeria
- Cost of living in Costa Rica is 74% more expensive than in Georgia
- Cost of living in Cayman Islands is 191% more expensive than in Nicaragua
- Cost of living in Taiwan is 70% more expensive than in Argentina
- Cost of living in Georgia is 35% cheaper than in Ethiopia
- Cost of living in Ecuador is 35% cheaper than in Germany
- Cost of living in Mauritius is 55% more expensive than in Iraq
- Cost of living in South Korea is 38% more expensive than in Kenya
- Cost of living in Peru is 17% more expensive than in Azerbaijan