Compare cost of living between countries:

Cost of Living Index by Country

  • 64: Armenia (cheapest)
  • 100: Czech Republic
  • 273: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 273
2nd Cayman Islands 253
3rd Iceland 235
4th Hong Kong 226
5th Switzerland 220
6th Bahamas 218
7th Norway 213
8th Qatar 198
9th Ireland 197
10th Singapore 195
103rd Argentina 71
104th Azerbaijan 70
105th Moldova 70
106th Georgia 69
107th Tunisia 67
108th Ukraine 67
109th Armenia 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.