Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Hong Kong | 256 |
| 3rd | Cayman Islands | 253 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 235 |
| 6th | United States | 202 |
| 7th | Ireland | 201 |
| 8th | Norway | 198 |
| 9th | Denmark | 196 |
| 10th | Barbados | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 59 |
| 75th | Ukraine | 58 |
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.
Other Country Comparisons
- Cost of living in Fiji is 44% cheaper than in Andorra
- Cost of living in Guatemala is 47% cheaper than in Denmark
- Cost of living in Cambodia is 13% more expensive than in Brazil
- Cost of living in Andorra is 73% more expensive than in Vietnam
- Cost of living in United Kingdom is 142% more expensive than in Bolivia
- Cost of living in Italy is 32% cheaper than in Israel
- Cost of living in New Zealand is 11% cheaper than in Norway
- Cost of living in Malaysia is 41% cheaper than in France
- Cost of living in Palestinian Territory is 40% more expensive than in Chile
- Cost of living in Vietnam is 7% cheaper than in Czech Republic