Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 298: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 298 |
| 2nd | Hong Kong | 260 |
| 3rd | Bahamas | 239 |
| 4th | Switzerland | 235 |
| 5th | Singapore | 231 |
| 6th | Ireland | 191 |
| 7th | Norway | 190 |
| 8th | Israel | 189 |
| 9th | United States | 188 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Peru | 76 |
| 72nd | Bolivia | 71 |
| 73rd | Colombia | 66 |
| 74th | Tanzania | 64 |
| 75th | Kosovo | 61 |
| 76th | India | 59 |
| 77th | 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 Bahamas is 200% more expensive than in Malaysia
- Cost of living in Senegal is 55% cheaper than in Hong Kong
- Cost of living in Andorra is 6% cheaper than in Netherlands
- Cost of living in South Africa is 37% more expensive than in Colombia
- Cost of living in Ecuador is 51% cheaper than in United Arab Emirates
- Cost of living in Japan is 40% more expensive than in Greece
- Cost of living in Mauritius is about the same as in Chile
- Cost of living in Bahamas is 161% more expensive than in Vietnam
- Cost of living in Saudi Arabia is 36% more expensive than in Brazil
- Cost of living in South Africa is 9% cheaper than in Ivory Coast