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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.

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