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Cost of Living Index by Country

Scale:
  • 65: Armenia (cheapest)
  • 100: Czech Republic
  • 276: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 276
2nd Cayman Islands 257
3rd Iceland 233
4th Hong Kong 228
5th Switzerland 225
6th Bahamas 221
7th Norway 218
8th Ireland 199
9th Qatar 199
10th Singapore 197
101st Turkey 73
102nd Azerbaijan 72
103rd Georgia 70
104th Argentina 70
105th Ukraine 68
106th Tunisia 68
107th Armenia 65
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.

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