Cost of Living Index by Country
Scale:
- 60: India (cheapest)
- 100: Czech Republic
- 293: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 293 |
| 2nd | Cayman Islands | 275 |
| 3rd | Switzerland | 249 |
| 4th | Bahamas | 230 |
| 5th | Hong Kong | 229 |
| 6th | Ireland | 216 |
| 7th | Norway | 207 |
| 8th | Denmark | 197 |
| 9th | Singapore | 196 |
| 10th | Netherlands | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 72nd | Tanzania | 68 |
| 73rd | Turkey | 67 |
| 74th | Ukraine | 66 |
| 75th | Georgia | 63 |
| 76th | Paraguay | 63 |
| 77th | Kazakhstan | 63 |
| 78th | India | 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 Estonia is 47% more expensive than in Bulgaria
- Cost of living in Mauritius is 10% cheaper than in Greece
- Cost of living in Norway is 92% more expensive than in Lithuania
- Cost of living in Slovakia is 19% cheaper than in Spain
- Cost of living in Thailand is 8% more expensive than in El Salvador
- Cost of living in Estonia is 26% cheaper than in United Arab Emirates
- Cost of living in Albania is 38% cheaper than in Cyprus
- Cost of living in United States is about the same as in Finland
- Cost of living in Albania is 11% more expensive than in Dominican Republic
- Cost of living in Albania is 27% cheaper than in Panama