Compare cost of living between countries:

Cost of Living Index by Country

  • 63: 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 247
3rd Hong Kong 230
4th Switzerland 224
5th Iceland 222
6th Norway 214
7th Ireland 195
8th Singapore 194
9th Qatar 192
10th Denmark 184
103rd Bosnia and Herzegovina 72
104th Egypt 71
105th Argentina 69
106th Azerbaijan 69
107th Tunisia 67
108th Armenia 64
109th 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.