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Cost of Living Index by Country

Scale:
  • 60: Ukraine (cheapest)
  • 100: Czech Republic
  • 310: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 310
2nd Hong Kong 268
3rd Bahamas 244
4th Switzerland 241
5th Singapore 237
6th Israel 198
7th United States 197
8th Qatar 193
9th Ireland 193
10th Norway 192
71st Romania 79
72nd Bolivia 75
73rd Colombia 69
74th Tanzania 67
75th Kosovo 62
76th India 61
77th Ukraine 60
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.

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