Cost of Living Index by Country
Scale:
- 70: Belarus (cheapest)
- 100: Czech Republic
- 295: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 295 |
| 2nd | Cayman Islands | 257 |
| 3rd | Iceland | 257 |
| 4th | Switzerland | 238 |
| 5th | Hong Kong | 228 |
| 6th | Norway | 228 |
| 7th | Ireland | 207 |
| 8th | Singapore | 204 |
| 9th | Qatar | 198 |
| 10th | Denmark | 195 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Ukraine | 75 |
| 103rd | Tunisia | 75 |
| 104th | India | 74 |
| 105th | Azerbaijan | 72 |
| 106th | Sri Lanka | 71 |
| 107th | Armenia | 71 |
| 108th | Belarus | 70 |
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 Paraguay is 28% more expensive than in Iran
- Cost of living in Argentina is 57% cheaper than in United Arab Emirates
- Cost of living in Estonia is 7% more expensive than in Lithuania
- Cost of living in Cayman Islands is 149% more expensive than in El Salvador
- Cost of living in Malaysia is 39% cheaper than in Austria
- Cost of living in China is 31% more expensive than in Bangladesh
- Cost of living in Estonia is 35% more expensive than in Egypt
- Cost of living in Philippines is 28% cheaper than in Jamaica
- Cost of living in Lebanon is 23% more expensive than in Croatia
- Cost of living in Latvia is about the same as in Brazil