Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 245 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 231 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Singapore | 196 |
| 9th | Qatar | 195 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Kazakhstan | 70 |
| 102nd | Azerbaijan | 70 |
| 103rd | Turkey | 69 |
| 104th | Armenia | 68 |
| 105th | Argentina | 67 |
| 106th | Georgia | 66 |
| 107th | Ukraine | 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.
Other Country Comparisons
- Cost of living in Bahrain is 78% more expensive than in Kazakhstan
- Cost of living in Kuwait is 59% more expensive than in China
- Cost of living in Thailand is 52% more expensive than in Nepal
- Cost of living in Taiwan is 22% cheaper than in Austria
- Cost of living in Iceland is 128% more expensive than in Kenya
- Cost of living in Kuwait is 49% more expensive than in Ecuador
- Cost of living in South Korea is 49% more expensive than in Dominican Republic
- Cost of living in Namibia is 39% cheaper than in Kuwait
- Cost of living in Trinidad and Tobago is 11% more expensive than in Zimbabwe
- Cost of living in Turkey is 71% cheaper than in Hong Kong