Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 290
2nd Cayman Islands 255
3rd Iceland 253
4th Switzerland 236
5th Hong Kong 229
6th Norway 226
7th Ireland 205
8th Singapore 202
9th Denmark 193
10th Qatar 192
11th Australia 192
12th United Kingdom 185
13th New Zealand 183
14th United Arab Emirates 182
15th Israel 181
16th France 180
17th United States 178
18th Luxembourg 177
19th Netherlands 176
20th Japan 175
21st Sweden 170
22nd Finland 170
23rd Kuwait 159
24th Canada 158
25th Austria 153
26th Germany 152
27th South Korea 149
28th Trinidad and Tobago 148
29th Belgium 147
30th Puerto Rico 142
31st Italy 141
32nd Costa Rica 141
33rd Malta 140
34th Spain 134
35th Lebanon 134
36th Oman 132
37th Uruguay 131
38th Jordan 129
39th Russia 128
40th Ethiopia 127
41st Bahrain 127
42nd Estonia 127
43rd Fiji 126
44th Mauritius 123
45th Cyprus 123
46th Slovenia 122
47th Greece 122
48th China 122
49th Panama 121
50th Thailand 120
51st Portugal 119
52nd Chile 118
53rd Jamaica 117
54th Taiwan 117
55th South Africa 115
56th Malaysia 113
57th Botswana 111
58th Saudi Arabia 110
59th Croatia 107
60th Bangladesh 107
61st Brazil 107
62nd Latvia 106
63rd Sri Lanka 105
64th Slovakia 103
65th Lithuania 102
66th Uganda 102
67th Kenya 102
68th Tanzania 101
69th El Salvador 100
70th Czech Republic 100
71st Guatemala 97
72nd Moldova 96
73rd Paraguay 96
74th Ecuador 96
75th Hungary 94
76th Dominican Republic 93
77th Poland 92
78th Colombia 90
79th Peru 89
80th Honduras 89
81st Nigeria 88
82nd Montenegro 88
83rd Argentina 87
84th Serbia 86
85th Iraq 84
86th Indonesia 83
87th Philippines 82
88th Bulgaria 82
89th Mexico 81
90th Morocco 81
91st Vietnam 80
92nd Nepal 80
93rd Romania 80
94th Algeria 80
95th Egypt 79
96th Albania 79
97th Macedonia 79
98th Turkey 78
99th Kazakhstan 78
100th India 78
101st Bolivia 77
102nd Nicaragua 77
103rd Bosnia and Herzegovina 77
104th Georgia 76
105th Tunisia 73
106th Ukraine 72
107th Armenia 71
108th Azerbaijan 70
109th Belarus 69

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:
  • 69: Belarus (cheapest)
  • 100: Czech Republic
  • 290: Bermuda (most expensive)