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 Bahrain is 17% cheaper than in Belgium
- Cost of living in Slovenia is 50% more expensive than in Nicaragua
- Cost of living in Nepal is 26% cheaper than in Lithuania
- Cost of living in Mexico is 44% cheaper than in Austria
- Cost of living in Costa Rica is 44% more expensive than in Iraq
- Cost of living in Luxembourg is 36% more expensive than in Costa Rica
- Cost of living in Sri Lanka is 10% cheaper than in Algeria
- Cost of living in Uruguay is 15% cheaper than in Belgium
- Cost of living in Paraguay is 6% cheaper than in Ecuador
- Cost of living in Albania is 16% cheaper than in Dominican Republic