Cost of Living Index by Country
Scale:
- 58: Ukraine (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Hong Kong | 256 |
| 3rd | Cayman Islands | 253 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 235 |
| 6th | United States | 202 |
| 7th | Ireland | 201 |
| 8th | Norway | 198 |
| 9th | Denmark | 196 |
| 10th | Barbados | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Peru | 78 |
| 70th | Bolivia | 73 |
| 71st | Kosovo | 65 |
| 72nd | Colombia | 61 |
| 73rd | India | 59 |
| 74th | Tanzania | 59 |
| 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 Macao is 30% more expensive than in Spain
- Cost of living in Sweden is 23% cheaper than in Israel
- Cost of living in Slovenia is 17% more expensive than in Slovakia
- Cost of living in Finland is 89% more expensive than in Bosnia and Herzegovina
- Cost of living in Mauritius is 7% more expensive than in Malaysia
- Cost of living in Cayman Islands is 245% more expensive than in Bolivia
- Cost of living in Palestinian Territory is 135% more expensive than in India
- Cost of living in Bahamas is 165% more expensive than in Philippines
- Cost of living in Czech Republic is 30% cheaper than in Austria
- Cost of living in Ecuador is 52% cheaper than in Denmark