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 Albania is about the same as in Philippines
- Cost of living in Vietnam is 5% cheaper than in Macedonia
- Cost of living in Panama is 17% more expensive than in Ghana
- Cost of living in Switzerland is 38% more expensive than in Japan
- Cost of living in Iceland is 143% more expensive than in Poland
- Cost of living in Cyprus is 38% cheaper than in Denmark
- Cost of living in Turkey is 55% cheaper than in Israel
- Cost of living in Thailand is 56% cheaper than in Singapore
- Cost of living in Croatia is 26% cheaper than in Belgium
- Cost of living in Malta is 5% cheaper than in Italy