Compare cost of living between countries:

Cost of Living Index by Country

  • 56: Georgia (cheapest)
  • 100: Czech Republic
  • 273: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 273
2nd Switzerland 235
3rd Hong Kong 216
4th Bahamas 210
5th Ireland 206
6th Norway 203
7th Luxembourg 186
8th Singapore 186
9th Australia 186
10th Israel 185
70th Turkey 67
71st Azerbaijan 64
72nd Ukraine 60
73rd Paraguay 60
74th Kazakhstan 59
75th India 56
76th Georgia 56
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.