Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 293
2nd Cayman Islands 247
3rd Hong Kong 229
4th Switzerland 224
5th Iceland 222
6th Norway 213
7th Ireland 195
8th Singapore 194
9th Qatar 192
10th Denmark 184
11th United Kingdom 183
12th United Arab Emirates 181
13th Australia 176
14th Japan 174
15th United States 173
16th New Zealand 173
17th Netherlands 173
18th France 171
19th Luxembourg 167
20th Sweden 167
21st Kuwait 167
22nd Israel 164
23rd Finland 160
24th Zimbabwe 154
25th Canada 153
26th Germany 147
27th Trinidad and Tobago 146
28th Austria 143
29th Puerto Rico 142
30th Belgium 141
31st South Korea 137
32nd Italy 136
33rd Bahrain 135
34th Panama 134
35th Lebanon 134
36th Mauritius 134
37th Jordan 133
38th Palestinian Territory 130
39th Malta 130
40th Oman 129
41st Spain 128
42nd Uruguay 126
43rd Cyprus 121
44th Portugal 119
45th Costa Rica 119
46th Greece 117
47th Jamaica 117
48th Slovenia 114
49th Taiwan 114
50th Saudi Arabia 113
51st Ethiopia 108
52nd Chile 108
53rd Tanzania 107
54th Namibia 106
55th Estonia 106
56th South Africa 105
57th Kenya 104
58th Brazil 104
59th Croatia 103
60th Latvia 102
61st El Salvador 102
62nd Guatemala 101
63rd China 100
64th Czech Republic 100
65th Belarus 97
66th Zambia 97
67th Botswana 97
68th Ecuador 96
69th Slovakia 94
70th Dominican Republic 94
71st Lithuania 94
72nd Hungary 92
73rd Moldova 91
74th Poland 90
75th Peru 89
76th Paraguay 89
77th Thailand 88
78th Indonesia 86
79th Malaysia 86
80th Bangladesh 86
81st Mexico 84
82nd Nicaragua 84
83rd Nigeria 83
84th Bolivia 83
85th Russia 83
86th Iraq 82
87th Colombia 82
88th Philippines 82
89th Serbia 82
90th Kazakhstan 81
91st Nepal 81
92nd Albania 81
93rd Algeria 80
94th Bulgaria 80
95th Macedonia 79
96th Morocco 79
97th Romania 78
98th Sri Lanka 78
99th India 76
100th Vietnam 75
101st Turkey 74
102nd Georgia 73
103rd Bosnia and Herzegovina 72
104th Egypt 71
105th Argentina 69
106th Azerbaijan 69
107th Tunisia 65
108th Armenia 64
109th Ukraine 63

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:
  • 63: Ukraine (cheapest)
  • 100: Czech Republic
  • 293: Bermuda (most expensive)