Cost of Living Index by Country
Scale:
- 60: Turkey (cheapest)
- 100: Czech Republic
- 285: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 285 |
| 2nd | Cayman Islands | 244 |
| 3rd | Iceland | 241 |
| 4th | Switzerland | 235 |
| 5th | Hong Kong | 227 |
| 6th | Norway | 223 |
| 7th | Ireland | 202 |
| 8th | Qatar | 196 |
| 9th | Singapore | 192 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 101st | Kazakhstan | 68 |
| 102nd | Belarus | 67 |
| 103rd | Azerbaijan | 66 |
| 104th | Armenia | 65 |
| 105th | Argentina | 63 |
| 106th | Ukraine | 61 |
| 107th | Turkey | 60 |
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 Sri Lanka is 51% cheaper than in South Korea
- Cost of living in Albania is 29% cheaper than in Saudi Arabia
- Cost of living in Indonesia is 52% cheaper than in Finland
- Cost of living in Thailand is 53% more expensive than in Sri Lanka
- Cost of living in Qatar is 128% more expensive than in Peru
- Cost of living in Albania is 7% cheaper than in Iran
- Cost of living in Peru is 10% more expensive than in Bolivia
- Cost of living in Turkey is 22% cheaper than in Nicaragua
- Cost of living in Tanzania is 46% cheaper than in United Kingdom
- Cost of living in South Africa is 41% more expensive than in India