Compare cost of living between countries:

Cost of Living Index by Country

  • 63: Azerbaijan (cheapest)
  • 100: Czech Republic
  • 308: Bermuda (most expensive)

Cost of Living Ranking by Country

Rank Country Price Index
1st Bermuda 308
2nd Iceland 247
3rd Switzerland 241
4th Norway 221
5th Hong Kong 210
6th Ireland 201
7th Singapore 195
8th Australia 193
9th Denmark 190
10th United Kingdom 184
103rd Kosovo 71
104th Tunisia 69
105th Sri Lanka 69
106th Egypt 66
107th Armenia 65
108th Belarus 63
109th Azerbaijan 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.