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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.

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