Cost of Living Index by Country
Scale:
- 60: Argentina (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 244 |
| 3rd | Iceland | 242 |
| 4th | Switzerland | 235 |
| 5th | Hong Kong | 229 |
| 6th | Norway | 224 |
| 7th | Ireland | 201 |
| 8th | Qatar | 198 |
| 9th | Singapore | 194 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Georgia | 69 |
| 102nd | Belarus | 68 |
| 103rd | Azerbaijan | 67 |
| 104th | Armenia | 66 |
| 105th | Ukraine | 61 |
| 106th | Turkey | 60 |
| 107th | Argentina | 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 Namibia is 10% more expensive than in Macedonia
- Cost of living in Uruguay is 14% more expensive than in Thailand
- Cost of living in Iran is 26% more expensive than in Azerbaijan
- Cost of living in United States is 111% more expensive than in Indonesia
- Cost of living in Myanmar is 11% cheaper than in Croatia
- Cost of living in Israel is 160% more expensive than in Armenia
- Cost of living in Philippines is 23% cheaper than in Ecuador
- Cost of living in Ecuador is 19% more expensive than in Bangladesh
- Cost of living in Luxembourg is 37% more expensive than in Costa Rica
- Cost of living in Puerto Rico is 22% cheaper than in Australia