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 Malta is about the same as in South Korea
- Cost of living in Netherlands is 84% more expensive than in Guatemala
- Cost of living in Singapore is 18% more expensive than in Finland
- Cost of living in Qatar is 92% more expensive than in El Salvador
- Cost of living in Iceland is 260% more expensive than in Azerbaijan
- Cost of living in Sweden is 113% more expensive than in Algeria
- Cost of living in Luxembourg is 118% more expensive than in Bolivia
- Cost of living in Albania is 15% more expensive than in Azerbaijan
- Cost of living in Trinidad and Tobago is 24% cheaper than in Australia
- Cost of living in Bolivia is 58% cheaper than in Australia