Cost of Living Index by Country
Scale:
- 67: Ukraine (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Iceland | 256 |
| 3rd | Cayman Islands | 248 |
| 4th | Switzerland | 235 |
| 5th | Norway | 229 |
| 6th | Hong Kong | 222 |
| 7th | Ireland | 205 |
| 8th | Singapore | 199 |
| 9th | Qatar | 194 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 99th | Sri Lanka | 72 |
| 100th | India | 71 |
| 101st | Egypt | 71 |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 71 |
| 104th | Armenia | 68 |
| 105th | Ukraine | 67 |
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 Nepal is 10% more expensive than in Sri Lanka
- Cost of living in Lithuania is 55% cheaper than in Hong Kong
- Cost of living in Fiji is 52% cheaper than in Switzerland
- Cost of living in Moldova is 39% cheaper than in Finland
- Cost of living in El Salvador is 21% more expensive than in Mexico
- Cost of living in Costa Rica is 11% cheaper than in Belgium
- Cost of living in Moldova is 29% cheaper than in Belgium
- Cost of living in Serbia is 5% more expensive than in Macedonia
- Cost of living in New Zealand is 87% more expensive than in Guatemala
- Cost of living in Sweden is 107% more expensive than in Argentina