Cost of Living Index by Country
Scale:
- 60: Ukraine (cheapest)
- 100: Czech Republic
- 310: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 310 |
| 2nd | Hong Kong | 268 |
| 3rd | Bahamas | 244 |
| 4th | Switzerland | 241 |
| 5th | Singapore | 237 |
| 6th | Israel | 198 |
| 7th | United States | 197 |
| 8th | Qatar | 193 |
| 9th | Ireland | 193 |
| 10th | Norway | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Romania | 79 |
| 72nd | Bolivia | 75 |
| 73rd | Colombia | 69 |
| 74th | Tanzania | 67 |
| 75th | Kosovo | 62 |
| 76th | India | 61 |
| 77th | Ukraine | 60 |
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 Tanzania is 21% cheaper than in Serbia
- Cost of living in Serbia is 39% cheaper than in France
- Cost of living in Switzerland is 296% more expensive than in India
- Cost of living in Panama is 32% more expensive than in Czech Republic
- Cost of living in Vietnam is 52% cheaper than in United States
- Cost of living in Bermuda is 266% more expensive than in Bosnia and Herzegovina
- Cost of living in Panama is 11% cheaper than in Germany
- Cost of living in Panama is 18% cheaper than in Finland
- Cost of living in Czech Republic is 47% cheaper than in United Arab Emirates
- Cost of living in Venezuela is about the same as in Uganda