Cost of Living Index by Country
Scale:
- 65: Turkey (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 240 |
| 5th | Hong Kong | 230 |
| 6th | Norway | 225 |
| 7th | Qatar | 207 |
| 8th | Ireland | 203 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | India | 71 |
| 104th | Belarus | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 67 |
| 107th | Ukraine | 65 |
| 108th | Turkey | 65 |
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 Slovenia is 34% cheaper than in New Zealand
- Cost of living in El Salvador is 25% more expensive than in Bangladesh
- Cost of living in Jamaica is 25% cheaper than in Belgium
- Cost of living in Finland is 9% cheaper than in United Arab Emirates
- Cost of living in Trinidad and Tobago is 35% cheaper than in Norway
- Cost of living in Iceland is 271% more expensive than in Belarus
- Cost of living in Trinidad and Tobago is 71% more expensive than in Mexico
- Cost of living in Israel is 161% more expensive than in Armenia
- Cost of living in Paraguay is 25% more expensive than in Argentina
- Cost of living in Serbia is 16% cheaper than in Czech Republic