Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 302: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 302 |
| 2nd | Hong Kong | 263 |
| 3rd | Bahamas | 243 |
| 4th | Switzerland | 240 |
| 5th | Singapore | 233 |
| 6th | United States | 192 |
| 7th | Ireland | 192 |
| 8th | Israel | 191 |
| 9th | Qatar | 189 |
| 10th | Norway | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Peru | 77 |
| 72nd | Bolivia | 73 |
| 73rd | Colombia | 67 |
| 74th | Tanzania | 65 |
| 75th | Kosovo | 61 |
| 76th | India | 60 |
| 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 Uruguay is 60% more expensive than in Indonesia
- Cost of living in China is 54% more expensive than in Bolivia
- Cost of living in Slovenia is 48% more expensive than in Poland
- Cost of living in Slovenia is 40% more expensive than in Indonesia
- Cost of living in Belgium is about the same as in Austria
- Cost of living in Fiji is 47% cheaper than in Australia
- Cost of living in New Zealand is 11% more expensive than in Macao
- Cost of living in Sweden is 20% cheaper than in United Kingdom
- Cost of living in South Africa is 32% cheaper than in Uruguay
- Cost of living in Andorra is 6% cheaper than in Netherlands