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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.

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