Compare cost of living between countries:

Cost of Living Index by Country

  • 60: Argentina (cheapest)
  • 100: Czech Republic
  • 287: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 287
2nd Cayman Islands 244
3rd Iceland 242
4th Switzerland 235
5th Hong Kong 229
6th Norway 224
7th Ireland 201
8th Qatar 198
9th Singapore 194
10th Denmark 191
101st Georgia 69
102nd Belarus 68
103rd Azerbaijan 67
104th Armenia 66
105th Ukraine 61
106th Turkey 60
107th Argentina 60
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.