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.
Other Country Comparisons
- Cost of living in Venezuela is 52% more expensive than in Colombia
- Cost of living in United States is 7% more expensive than in Denmark
- Cost of living in Slovenia is 24% cheaper than in Macao
- Cost of living in Bahrain is 11% cheaper than in Netherlands
- Cost of living in Estonia is 29% more expensive than in Serbia
- Cost of living in Norway is 223% more expensive than in India
- Cost of living in Kosovo is 15% cheaper than in Bolivia
- Cost of living in Japan is 24% cheaper than in Ireland
- Cost of living in Venezuela is 39% cheaper than in United Kingdom
- Cost of living in Slovenia is 15% cheaper than in South Korea