Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Cayman Islands | 253 |
| 3rd | Switzerland | 235 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 221 |
| 6th | Norway | 221 |
| 7th | Ireland | 202 |
| 8th | Singapore | 200 |
| 9th | Qatar | 198 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Armenia | 71 |
| 104th | Azerbaijan | 71 |
| 105th | Argentina | 71 |
| 106th | Georgia | 70 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 69 |
| 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 Costa Rica is 22% more expensive than in Slovakia
- Cost of living in Paraguay is 5% cheaper than in Czech Republic
- Cost of living in Japan is 82% more expensive than in Hungary
- Cost of living in Serbia is 31% cheaper than in Portugal
- Cost of living in Norway is 26% more expensive than in France
- Cost of living in Sweden is 60% more expensive than in Brazil
- Cost of living in Lithuania is 35% cheaper than in Germany
- Cost of living in Palestinian Territory is 21% cheaper than in New Zealand
- Cost of living in Costa Rica is 53% more expensive than in Vietnam
- Cost of living in United Kingdom is 24% more expensive than in Austria