Cost of Living Index by Country
Scale:
- 66: Belarus (cheapest)
- 100: Czech Republic
- 281: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 281 |
| 2nd | Iceland | 257 |
| 3rd | Switzerland | 228 |
| 4th | Norway | 220 |
| 5th | Hong Kong | 216 |
| 6th | Ireland | 200 |
| 7th | Singapore | 197 |
| 8th | Denmark | 193 |
| 9th | United Kingdom | 185 |
| 10th | Australia | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Egypt | 73 |
| 102nd | Georgia | 72 |
| 103rd | Kazakhstan | 72 |
| 104th | Kosovo | 71 |
| 105th | Azerbaijan | 68 |
| 106th | Armenia | 67 |
| 107th | Belarus | 66 |
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 Lebanon is 72% more expensive than in India
- Cost of living in New Zealand is 88% more expensive than in Moldova
- Cost of living in Iceland is 217% more expensive than in Morocco
- Cost of living in Trinidad and Tobago is 116% more expensive than in Belarus
- Cost of living in India is about the same as in Bosnia and Herzegovina
- Cost of living in Honduras is 38% cheaper than in Spain
- Cost of living in Oman is 12% cheaper than in South Korea
- Cost of living in Guatemala is 23% cheaper than in China
- Cost of living in Botswana is 29% cheaper than in Canada
- Cost of living in Albania is about the same as in Nigeria