Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 310: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 310
2nd Iceland 263
3rd Switzerland 238
4th Norway 226
5th Hong Kong 216
6th Ireland 201
7th Singapore 196
8th Denmark 192
9th Australia 191
10th United Kingdom 184
103rd Georgia 77
104th Bolivia 73
105th Kazakhstan 73
106th Kosovo 71
107th Belarus 67
108th Armenia 66
109th Azerbaijan 63
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.