Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Hong Kong | 251 |
| 3rd | Switzerland | 241 |
| 4th | Bahamas | 235 |
| 5th | United States | 203 |
| 6th | Ireland | 201 |
| 7th | Norway | 197 |
| 8th | Denmark | 196 |
| 9th | Barbados | 191 |
| 10th | Israel | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 67th | Peru | 79 |
| 68th | Bolivia | 72 |
| 69th | Kosovo | 65 |
| 70th | Colombia | 60 |
| 71st | India | 59 |
| 72nd | Tanzania | 59 |
| 73rd | 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 South Korea is 139% more expensive than in India
- Cost of living in Bermuda is 43% more expensive than in United States
- Cost of living in Barbados is 28% more expensive than in France
- Cost of living in Bermuda is 401% more expensive than in Ukraine
- Cost of living in Ecuador is 55% more expensive than in Colombia
- Cost of living in United States is 41% more expensive than in Belgium
- Cost of living in Uruguay is 46% more expensive than in Serbia
- Cost of living in Malaysia is 25% cheaper than in Spain
- Cost of living in Chile is 44% cheaper than in Australia
- Cost of living in Romania is 40% more expensive than in Colombia