Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 288
2nd Cayman Islands 248
3rd Switzerland 233
4th Hong Kong 232
5th Iceland 224
6th Norway 218
7th Ireland 198
8th Singapore 198
9th Qatar 195
10th Denmark 190
11th United Arab Emirates 184
12th New Zealand 181
13th Australia 178
14th United Kingdom 178
15th United States 176
16th Netherlands 175
17th France 172
18th Japan 170
19th Luxembourg 169
20th Sweden 168
21st Israel 166
22nd Finland 164
23rd Zimbabwe 156
24th Canada 155
25th Kuwait 155
26th Germany 149
27th Trinidad and Tobago 149
28th Austria 147
29th Puerto Rico 146
30th South Korea 143
31st Belgium 142
32nd Jordan 140
33rd Palestinian Territory 139
34th Lebanon 139
35th Italy 138
36th Mauritius 133
37th Oman 132
38th Malta 131
39th Spain 130
40th Uruguay 130
41st Panama 128
42nd Bahrain 126
43rd Costa Rica 122
44th Portugal 122
45th Greece 119
46th Cyprus 118
47th Slovenia 116
48th Taiwan 115
49th Saudi Arabia 115
50th Tanzania 112
51st Chile 110
52nd Estonia 109
53rd Ghana 109
54th Ethiopia 108
55th Latvia 105
56th Croatia 105
57th El Salvador 104
58th South Africa 104
59th Kenya 103
60th China 101
61st Brazil 101
62nd Namibia 101
63rd Czech Republic 100
64th Ecuador 97
65th Botswana 97
66th Guatemala 97
67th Slovakia 97
68th Dominican Republic 96
69th Lithuania 96
70th Paraguay 94
71st Hungary 93
72nd Moldova 92
73rd Poland 91
74th Bangladesh 91
75th Peru 90
76th Iraq 87
77th Malaysia 87
78th Thailand 87
79th Belarus 85
80th Nicaragua 85
81st Indonesia 85
82nd Serbia 84
83rd Nigeria 83
84th Russia 83
85th Philippines 82
86th Bolivia 82
87th Colombia 82
88th Algeria 81
89th Macedonia 81
90th Albania 81
91st Bulgaria 81
92nd Morocco 81
93rd Mexico 80
94th Romania 79
95th Sri Lanka 79
96th Azerbaijan 78
97th Vietnam 77
98th Nepal 76
99th India 76
100th Turkey 75
101st Bosnia and Herzegovina 75
102nd Egypt 72
103rd Armenia 71
104th Georgia 70
105th Kazakhstan 69
106th Tunisia 68
107th Argentina 68
108th Ukraine 64

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.

Cost of Living Map

Scale:
  • 64: Ukraine (cheapest)
  • 100: Czech Republic
  • 288: Bermuda (most expensive)