Cost of Living Index by Country
Scale:
- 57: Ukraine (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Hong Kong | 260 |
| 3rd | Switzerland | 237 |
| 4th | Bahamas | 236 |
| 5th | Singapore | 225 |
| 6th | Israel | 210 |
| 7th | Norway | 204 |
| 8th | United States | 189 |
| 9th | United Kingdom | 187 |
| 10th | Ireland | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Bolivia | 71 |
| 76th | Bangladesh | 70 |
| 77th | Tanzania | 67 |
| 78th | Colombia | 67 |
| 79th | Kosovo | 60 |
| 80th | India | 59 |
| 81st | Ukraine | 57 |
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 Slovenia is 17% more expensive than in Venezuela
- Cost of living in Ukraine is 34% cheaper than in Bosnia and Herzegovina
- Cost of living in Ivory Coast is 42% more expensive than in Bangladesh
- Cost of living in Barbados is 4% more expensive than in Finland
- Cost of living in Ukraine is 43% cheaper than in Latvia
- Cost of living in Czech Republic is 42% more expensive than in Bangladesh
- Cost of living in Norway is about the same as in Israel
- Cost of living in New Zealand is 29% cheaper than in Hong Kong
- Cost of living in Latvia is 34% cheaper than in Germany
- Cost of living in United States is 37% more expensive than in Belgium