Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Hong Kong | 252 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 232 |
| 6th | Ireland | 201 |
| 7th | Norway | 198 |
| 8th | United States | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 72 |
| 71st | Kosovo | 64 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 75th | Ukraine | 58 |
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 Ukraine is 20% cheaper than in Bolivia
- Cost of living in Vietnam is about the same as in Serbia
- Cost of living in Ireland is 20% cheaper than in Hong Kong
- Cost of living in Turkey is 43% cheaper than in Belgium
- Cost of living in Luxembourg is 10% more expensive than in Austria
- Cost of living in Uruguay is 48% cheaper than in Hong Kong
- Cost of living in Peru is 53% cheaper than in Finland
- Cost of living in Malta is 39% more expensive than in Slovakia
- Cost of living in Qatar is 25% more expensive than in Austria
- Cost of living in Bosnia and Herzegovina is about the same as in Argentina