Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Cayman Islands | 256 |
| 3rd | Switzerland | 231 |
| 4th | Iceland | 228 |
| 5th | Bahamas | 222 |
| 6th | Hong Kong | 220 |
| 7th | Ireland | 210 |
| 8th | Norway | 198 |
| 9th | Singapore | 193 |
| 10th | Luxembourg | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tunisia | 63 |
| 74th | Ukraine | 63 |
| 75th | Egypt | 61 |
| 76th | Turkey | 61 |
| 77th | Azerbaijan | 60 |
| 78th | Kazakhstan | 58 |
| 79th | India | 55 |
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 Bahamas is 21% cheaper than in Bermuda
- Cost of living in New Zealand is 77% more expensive than in China
- Cost of living in Luxembourg is 140% more expensive than in Morocco
- Cost of living in Russia is 38% cheaper than in Portugal
- Cost of living in Ecuador is 45% cheaper than in Belgium
- Cost of living in South Africa is 64% more expensive than in Tunisia
- Cost of living in Luxembourg is 64% more expensive than in Latvia
- Cost of living in Italy is 11% cheaper than in Germany
- Cost of living in Indonesia is about the same as in Ecuador
- Cost of living in South Africa is 16% more expensive than in Thailand