Compare cost of living between countries:

Cost of Living Index by Country

  • 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.