Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 250 |
| 3rd | Hong Kong | 250 |
| 4th | Switzerland | 241 |
| 5th | Bahamas | 233 |
| 6th | Ireland | 201 |
| 7th | United States | 200 |
| 8th | Norway | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 77 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 60 |
| 73rd | India | 59 |
| 74th | Tanzania | 58 |
| 75th | Ukraine | 58 |
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 Estonia is 5% more expensive than in China
- Cost of living in Greece is 27% cheaper than in Germany
- Cost of living in Tanzania is 33% cheaper than in Bosnia and Herzegovina
- Cost of living in Switzerland is 35% more expensive than in United Arab Emirates
- Cost of living in Bahamas is 221% more expensive than in Bolivia
- Cost of living in Sweden is 56% more expensive than in Ecuador
- Cost of living in Malta is 41% cheaper than in Hong Kong
- Cost of living in Guatemala is about the same as in Ivory Coast
- Cost of living in Serbia is 49% cheaper than in United Arab Emirates
- Cost of living in Panama is 73% more expensive than in Bolivia