Cost of Living Index by Country
Scale:
- 67: Ukraine (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Iceland | 256 |
| 3rd | Cayman Islands | 247 |
| 4th | Switzerland | 234 |
| 5th | Norway | 228 |
| 6th | Hong Kong | 221 |
| 7th | Ireland | 205 |
| 8th | Singapore | 199 |
| 9th | Qatar | 193 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 99th | Sri Lanka | 72 |
| 100th | India | 71 |
| 101st | Azerbaijan | 71 |
| 102nd | Egypt | 71 |
| 103rd | Belarus | 70 |
| 104th | Armenia | 67 |
| 105th | 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 Thailand is about the same as in Croatia
- Cost of living in Sweden is 108% more expensive than in Bolivia
- Cost of living in Japan is 91% more expensive than in Colombia
- Cost of living in Taiwan is 52% more expensive than in Bosnia and Herzegovina
- Cost of living in Serbia is 25% cheaper than in Chile
- Cost of living in Netherlands is 117% more expensive than in Argentina
- Cost of living in Albania is 53% cheaper than in Finland
- Cost of living in Oman is 26% more expensive than in Moldova
- Cost of living in Iceland is 214% more expensive than in Nigeria
- Cost of living in Thailand is 44% cheaper than in Singapore