Compare cost of living between countries:

Cost of Living Index by Country

  • 64: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 289
2nd Cayman Islands 251
3rd Switzerland 234
4th Hong Kong 231
5th Iceland 222
6th Norway 220
7th Ireland 202
8th Singapore 199
9th Qatar 196
10th Denmark 191
103rd Armenia 71
104th Argentina 71
105th Azerbaijan 71
106th Georgia 71
107th Tunisia 70
108th Kazakhstan 70
109th Ukraine 64
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.