Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 289
2nd Cayman Islands 251
3rd Switzerland 234
4th Hong Kong 231
5th Iceland 222
6th Norway 220
7th Ireland 202
8th Singapore 199
9th Qatar 196
10th Denmark 191
11th Australia 184
12th United Arab Emirates 183
13th New Zealand 181
14th United Kingdom 179
15th United States 176
16th Netherlands 175
17th France 174
18th Japan 169
19th Sweden 169
20th Israel 168
21st Luxembourg 167
22nd Finland 165
23rd Zimbabwe 157
24th Canada 157
25th Kuwait 154
26th Trinidad and Tobago 150
27th Germany 150
28th Austria 146
29th Puerto Rico 145
30th South Korea 144
31st Lebanon 143
32nd Belgium 142
33rd Jordan 141
34th Palestinian Territory 141
35th Italy 139
36th Mauritius 132
37th Oman 132
38th Spain 131
39th Malta 131
40th Panama 129
41st Uruguay 129
42nd Bahrain 127
43rd Ghana 124
44th Costa Rica 121
45th Portugal 121
46th Taiwan 120
47th Greece 118
48th Cyprus 117
49th Slovenia 116
50th Saudi Arabia 115
51st Thailand 113
52nd Chile 112
53rd Tanzania 111
54th Ethiopia 109
55th Estonia 109
56th Brazil 106
57th South Africa 106
58th Latvia 105
59th Croatia 105
60th Ecuador 105
61st El Salvador 105
62nd China 101
63rd Namibia 101
64th Czech Republic 100
65th Kenya 99
66th Lithuania 98
67th Guatemala 98
68th Slovakia 98
69th Honduras 96
70th Dominican Republic 96
71st Botswana 96
72nd Paraguay 95
73rd Moldova 94
74th Hungary 93
75th Bangladesh 92
76th Poland 91
77th Peru 89
78th Iraq 87
79th Malaysia 86
80th Belarus 86
81st Indonesia 85
82nd Russia 84
83rd Serbia 84
84th Algeria 83
85th Philippines 83
86th Bolivia 82
87th Nigeria 82
88th Macedonia 82
89th Bulgaria 81
90th Mexico 81
91st Albania 81
92nd Colombia 81
93rd Morocco 80
94th Nicaragua 80
95th Sri Lanka 80
96th Romania 79
97th Vietnam 78
98th Nepal 76
99th Bosnia and Herzegovina 76
100th India 75
101st Egypt 74
102nd Turkey 74
103rd Armenia 71
104th Argentina 71
105th Azerbaijan 71
106th Georgia 71
107th Tunisia 70
108th Kazakhstan 70
109th 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
  • 289: Bermuda (most expensive)