Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 294: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 294 |
| 2nd | Cayman Islands | 248 |
| 3rd | Hong Kong | 230 |
| 4th | Switzerland | 224 |
| 5th | Iceland | 222 |
| 6th | Norway | 214 |
| 7th | Ireland | 195 |
| 8th | Singapore | 194 |
| 9th | Qatar | 193 |
| 10th | Denmark | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Bosnia and Herzegovina | 73 |
| 104th | Egypt | 71 |
| 105th | Argentina | 69 |
| 106th | Azerbaijan | 69 |
| 107th | Tunisia | 65 |
| 108th | Armenia | 64 |
| 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.
Other Country Comparisons
- Cost of living in Puerto Rico is 26% more expensive than in Saudi Arabia
- Cost of living in Vietnam is 21% cheaper than in Dominican Republic
- Cost of living in Cayman Islands is 93% more expensive than in Spain
- Cost of living in Saudi Arabia is 39% more expensive than in Nepal
- Cost of living in Thailand is 5% more expensive than in Mexico
- Cost of living in Panama is 49% more expensive than in Poland
- Cost of living in Qatar is 64% more expensive than in Greece
- Cost of living in Turkey is 37% cheaper than in Portugal
- Cost of living in Costa Rica is 39% cheaper than in Ireland
- Cost of living in Ukraine is 39% cheaper than in Brazil