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.
Other Country Comparisons
- Cost of living in Russia is 17% more expensive than in Mexico
- Cost of living in Bahamas is 19% more expensive than in Denmark
- Cost of living in Macao is 18% more expensive than in Italy
- Cost of living in Macao is about the same as in France
- Cost of living in El Salvador is 52% cheaper than in Ireland
- Cost of living in South Africa is 22% cheaper than in Saudi Arabia
- Cost of living in Saudi Arabia is 19% cheaper than in Austria
- Cost of living in Germany is 160% more expensive than in Colombia
- Cost of living in Cayman Islands is 66% more expensive than in Macao
- Cost of living in Ireland is 177% more expensive than in Bolivia