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Cost of Living Index by Country

Scale:
  • 58: Ukraine (cheapest)
  • 100: Czech Republic
  • 289: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 289
2nd Cayman Islands 250
3rd Hong Kong 250
4th Switzerland 241
5th Bahamas 233
6th Ireland 201
7th United States 200
8th Norway 197
9th Denmark 196
10th Barbados 190
69th Peru 77
70th Bolivia 73
71st Kosovo 65
72nd Colombia 60
73rd India 59
74th Tanzania 58
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.

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