Cost of Living Index by Country
Scale:
- 64: Ukraine (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 249 |
| 3rd | Hong Kong | 233 |
| 4th | Switzerland | 231 |
| 5th | Iceland | 221 |
| 6th | Norway | 216 |
| 7th | Ireland | 198 |
| 8th | Singapore | 197 |
| 9th | Qatar | 192 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Georgia | 73 |
| 104th | Egypt | 72 |
| 105th | Kazakhstan | 70 |
| 106th | Argentina | 68 |
| 107th | Tunisia | 68 |
| 108th | Armenia | 66 |
| 109th | Ukraine | 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.
Other Country Comparisons
- Cost of living in Kuwait is 108% more expensive than in Bosnia and Herzegovina
- Cost of living in France is 161% more expensive than in Armenia
- Cost of living in Zimbabwe is about the same as in Canada
- Cost of living in Romania is 60% cheaper than in Ireland
- Cost of living in Bahrain is 37% more expensive than in Moldova
- Cost of living in Namibia is 13% cheaper than in Saudi Arabia
- Cost of living in Norway is 13% more expensive than in Denmark
- Cost of living in Namibia is 40% cheaper than in Israel
- Cost of living in Vietnam is 6% cheaper than in Algeria
- Cost of living in Nepal is 42% cheaper than in Spain