Cost of Living Index by Country
Scale:
- 60: Turkey (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Iceland | 261 |
| 3rd | Cayman Islands | 256 |
| 4th | Switzerland | 242 |
| 5th | Hong Kong | 232 |
| 6th | Norway | 228 |
| 7th | Qatar | 209 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | India | 71 |
| 104th | Egypt | 71 |
| 105th | Belarus | 71 |
| 106th | Armenia | 67 |
| 107th | Ukraine | 65 |
| 108th | Turkey | 60 |
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 Luxembourg is 114% more expensive than in Bulgaria
- Cost of living in Iceland is 236% more expensive than in Vietnam
- Cost of living in Iceland is 256% more expensive than in Georgia
- Cost of living in Mexico is 47% cheaper than in Canada
- Cost of living in Bermuda is 150% more expensive than in Portugal
- Cost of living in El Salvador is 19% more expensive than in Colombia
- Cost of living in Romania is 19% cheaper than in Guatemala
- Cost of living in Costa Rica is 41% more expensive than in Peru
- Cost of living in Trinidad and Tobago is 6% more expensive than in Oman
- Cost of living in Dominican Republic is 23% more expensive than in Argentina