Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 298: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 298 |
| 2nd | Hong Kong | 260 |
| 3rd | Bahamas | 239 |
| 4th | Switzerland | 235 |
| 5th | Singapore | 231 |
| 6th | Ireland | 191 |
| 7th | Norway | 190 |
| 8th | Israel | 189 |
| 9th | United States | 188 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Peru | 76 |
| 72nd | Bolivia | 71 |
| 73rd | Colombia | 66 |
| 74th | Tanzania | 64 |
| 75th | Kosovo | 61 |
| 76th | India | 59 |
| 77th | 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 Cambodia is 29% cheaper than in Japan
- Cost of living in Senegal is 78% more expensive than in Colombia
- Cost of living in South Africa is about the same as in Brazil
- Cost of living in Senegal is 38% cheaper than in Israel
- Cost of living in Belgium is about the same as in Austria
- Cost of living in Mauritius is 38% more expensive than in Colombia
- Cost of living in Vietnam is 11% cheaper than in Croatia
- Cost of living in Poland is 59% cheaper than in Ireland
- Cost of living in Kosovo is 62% cheaper than in Finland
- Cost of living in United States is 61% more expensive than in Senegal