Cost of Living Index by Country
Scale:
- 63: 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 | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 232 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Singapore | 197 |
| 9th | Qatar | 195 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Armenia | 69 |
| 105th | Turkey | 68 |
| 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.
Other Country Comparisons
- Cost of living in Bermuda is 280% more expensive than in Bosnia and Herzegovina
- Cost of living in Ecuador is 30% more expensive than in Algeria
- Cost of living in Cayman Islands is 288% more expensive than in Ukraine
- Cost of living in South Africa is 21% cheaper than in Spain
- Cost of living in Greece is 64% more expensive than in Egypt
- Cost of living in Finland is 13% cheaper than in Denmark
- Cost of living in Tunisia is 31% cheaper than in El Salvador
- Cost of living in Cayman Islands is 200% more expensive than in Bulgaria
- Cost of living in Palestinian Territory is 130% more expensive than in Pakistan
- Cost of living in Tanzania is 26% cheaper than in Oman