Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 251 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 231 |
| 5th | Iceland | 222 |
| 6th | Norway | 220 |
| 7th | Ireland | 202 |
| 8th | Singapore | 199 |
| 9th | Qatar | 196 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Armenia | 71 |
| 104th | Argentina | 71 |
| 105th | Azerbaijan | 71 |
| 106th | Georgia | 71 |
| 107th | Tunisia | 70 |
| 108th | Kazakhstan | 70 |
| 109th | Ukraine | 64 |
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 Switzerland is 178% more expensive than in Russia
- Cost of living in Switzerland is 39% more expensive than in Israel
- Cost of living in Trinidad and Tobago is 83% more expensive than in Bolivia
- Cost of living in Cayman Islands is 25% more expensive than in Ireland
- Cost of living in France is 19% more expensive than in Austria
- Cost of living in Japan is 140% more expensive than in Azerbaijan
- Cost of living in South Korea is 8% cheaper than in Canada
- Cost of living in Oman is 37% more expensive than in Honduras
- Cost of living in Cayman Islands is 212% more expensive than in Colombia
- Cost of living in Qatar is 182% more expensive than in Kazakhstan