Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 300
2nd Hong Kong 261
3rd Bahamas 240
4th Switzerland 234
5th Singapore 232
6th Ireland 191
7th United States 191
8th Israel 191
9th Qatar 189
10th Norway 188
11th United Arab Emirates 183
12th Denmark 177
13th Barbados 174
14th Australia 173
15th Canada 172
16th New Zealand 168
17th United Kingdom 165
18th Netherlands 165
19th Finland 160
20th Luxembourg 157
22nd Macao 152
23rd Bahrain 146
24th Germany 146
25th Malta 144
26th Japan 142
27th Austria 141
28th France 139
29th Belgium 138
30th Sweden 138
31st Palestinian Territory 137
32nd South Korea 135
33rd Uruguay 131
34th Panama 130
35th Italy 124
36th Saudi Arabia 121
37th Senegal 116
38th Slovenia 115
39th Spain 113
40th Portugal 113
41st China 112
42nd Russia 110
43rd Estonia 107
44th Cambodia 105
45th Greece 104
46th Croatia 103
47th Slovakia 101
48th El Salvador 101
49th Venezuela 100
50th Czech Republic 100
51st Ivory Coast 99
52nd Guyana 97
53rd Uganda 97
54th Chile 94
55th Mauritius 94
56th Fiji 93
57th Vietnam 91
58th Mexico 90
59th South Africa 90
60th Ecuador 90
61st Kenya 89
62nd Brazil 89
63rd Bosnia and Herzegovina 84
64th Serbia 83
65th Philippines 82
66th Indonesia 82
67th Malaysia 80
68th Bulgaria 80
69th Poland 78
70th Romania 78
71st Peru 77
72nd Bolivia 73
73rd Tanzania 64
74th Colombia 64
75th Kosovo 61
76th India 59
77th Ukraine 59

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.

Cost of Living Map

Scale:
  • 59: Ukraine (cheapest)
  • 100: Czech Republic
  • 300: Bermuda (most expensive)

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