Cost of Living Index by Country
Scale:
- 59: 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 | 269 |
| 3rd | Bahamas | 245 |
| 4th | Switzerland | 243 |
| 5th | Singapore | 238 |
| 6th | Israel | 198 |
| 7th | United States | 198 |
| 8th | Norway | 195 |
| 9th | Ireland | 194 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Romania | 79 |
| 72nd | Bolivia | 74 |
| 73rd | Colombia | 70 |
| 74th | Tanzania | 66 |
| 75th | Kosovo | 62 |
| 76th | India | 61 |
| 77th | Ukraine | 59 |
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 Peru is 15% cheaper than in Chile
- Cost of living in Colombia is 17% cheaper than in Bosnia and Herzegovina
- Cost of living in Guyana is 6% cheaper than in Greece
- Cost of living in Barbados is 78% more expensive than in Czech Republic
- Cost of living in Czech Republic is 10% more expensive than in Brazil
- Cost of living in Estonia is 35% cheaper than in Netherlands
- Cost of living in Mexico is 35% cheaper than in Austria
- Cost of living in Uganda is 20% cheaper than in Saudi Arabia
- Cost of living in El Salvador is 12% more expensive than in Ecuador
- Cost of living in Uruguay is about the same as in Belgium