Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 289
2nd Cayman Islands 245
3rd Switzerland 236
4th Hong Kong 234
5th Iceland 231
6th Norway 226
7th Ireland 202
8th Qatar 199
9th Singapore 197
10th Denmark 192
101st Tunisia 71
102nd Azerbaijan 71
103rd Kazakhstan 70
104th Turkey 69
105th Armenia 69
106th Argentina 68
107th Ukraine 63
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.