Cost of Living Index by Country
Scale:
- 63: Ukraine (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 244 |
| 3rd | Switzerland | 234 |
| 4th | Hong Kong | 233 |
| 5th | Iceland | 232 |
| 6th | Norway | 227 |
| 7th | Ireland | 202 |
| 8th | Singapore | 197 |
| 9th | Qatar | 195 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Azerbaijan | 70 |
| 102nd | Kazakhstan | 70 |
| 103rd | Georgia | 69 |
| 104th | Armenia | 69 |
| 105th | Turkey | 68 |
| 106th | Argentina | 68 |
| 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 Albania is 49% cheaper than in Kuwait
- Cost of living in Bolivia is 17% more expensive than in Argentina
- Cost of living in Nigeria is 51% cheaper than in Israel
- Cost of living in Singapore is 86% more expensive than in Croatia
- Cost of living in Iceland is 238% more expensive than in Armenia
- Cost of living in Estonia is 12% more expensive than in Slovakia
- Cost of living in Moldova is 41% cheaper than in Canada
- Cost of living in China is 23% more expensive than in Bulgaria
- Cost of living in Portugal is 76% more expensive than in Armenia
- Cost of living in Singapore is 116% more expensive than in Bangladesh