Compare cost of living between countries:
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Cost of Living Index by Country

Scale:
  • 65: Armenia (cheapest)
  • 100: Czech Republic
  • 275: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 275
2nd Cayman Islands 255
3rd Iceland 233
4th Hong Kong 231
5th Switzerland 221
6th Norway 218
7th Bahamas 217
8th Qatar 199
9th Singapore 196
10th Ireland 195
101st Moldova 71
102nd Ukraine 69
103rd Azerbaijan 69
104th Georgia 69
105th Kazakhstan 67
106th Tunisia 66
107th Armenia 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.