Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Hong Kong | 252 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 232 |
| 6th | Ireland | 201 |
| 7th | Norway | 198 |
| 8th | United States | 197 |
| 9th | Denmark | 196 |
| 10th | Barbados | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 72 |
| 71st | Kosovo | 64 |
| 72nd | Colombia | 61 |
| 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 United States is 236% more expensive than in India
- Cost of living in Bulgaria is 39% cheaper than in Andorra
- Cost of living in Tanzania is 48% cheaper than in Russia
- Cost of living in Ireland is 40% more expensive than in Belgium
- Cost of living in Italy is 77% more expensive than in Bolivia
- Cost of living in Portugal is 54% cheaper than in Hong Kong
- Cost of living in Serbia is 53% cheaper than in Denmark
- Cost of living in Canada is 103% more expensive than in Argentina
- Cost of living in Ukraine is 60% cheaper than in South Korea
- Cost of living in Netherlands is 14% cheaper than in Ireland