Cost of Living Index by Country
Scale:
- 67: Ukraine (cheapest)
- 100: Czech Republic
- 292: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 292 |
| 2nd | Iceland | 257 |
| 3rd | Cayman Islands | 255 |
| 4th | Switzerland | 238 |
| 5th | Norway | 227 |
| 6th | Hong Kong | 225 |
| 7th | Ireland | 206 |
| 8th | Singapore | 202 |
| 9th | Qatar | 196 |
| 10th | Denmark | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Tunisia | 74 |
| 103rd | India | 73 |
| 104th | Azerbaijan | 71 |
| 105th | Sri Lanka | 71 |
| 106th | Armenia | 70 |
| 107th | Belarus | 69 |
| 108th | Ukraine | 67 |
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 Romania is about the same as in Bolivia
- Cost of living in Nepal is 22% cheaper than in Croatia
- Cost of living in South Africa is 6% cheaper than in Chile
- Cost of living in Estonia is 46% more expensive than in Tunisia
- Cost of living in Costa Rica is 25% cheaper than in Netherlands
- Cost of living in Trinidad and Tobago is 36% cheaper than in Norway
- Cost of living in India is 8% cheaper than in Egypt
- Cost of living in Tanzania is 38% more expensive than in India
- Cost of living in Turkey is 41% cheaper than in Lebanon
- Cost of living in Finland is 121% more expensive than in Bosnia and Herzegovina