Cost of Living Index by Country
Scale:
- 69: Belarus (cheapest)
- 100: Czech Republic
- 286: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 286 |
| 2nd | Iceland | 254 |
| 3rd | Cayman Islands | 252 |
| 4th | Switzerland | 231 |
| 5th | Hong Kong | 226 |
| 6th | Norway | 224 |
| 7th | Ireland | 203 |
| 8th | Singapore | 199 |
| 9th | Denmark | 192 |
| 10th | Qatar | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 103rd | Nicaragua | 76 |
| 104th | Kazakhstan | 74 |
| 105th | Tunisia | 73 |
| 106th | Ukraine | 72 |
| 107th | Armenia | 70 |
| 108th | Azerbaijan | 69 |
| 109th | Belarus | 69 |
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 Sweden is 92% more expensive than in Nigeria
- Cost of living in Serbia is 42% cheaper than in South Korea
- Cost of living in Luxembourg is 91% more expensive than in Poland
- Cost of living in Macedonia is 44% cheaper than in Italy
- Cost of living in Saudi Arabia is 38% more expensive than in Macedonia
- Cost of living in Tunisia is 50% cheaper than in Belgium
- Cost of living in Singapore is 87% more expensive than in Bangladesh
- Cost of living in Mauritius is 47% cheaper than in Switzerland
- Cost of living in El Salvador is 25% cheaper than in Lebanon
- Cost of living in Malta is 35% more expensive than in Brazil