Cost of Living Index by Country
Scale:
- 44: Egypt (cheapest)
- 100: Czech Republic
- 241: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 241 |
| 2nd | Switzerland | 224 |
| 3rd | Singapore | 198 |
| 4th | Netherlands | 182 |
| 5th | United Kingdom | 178 |
| 6th | Hong Kong | 177 |
| 7th | United States | 174 |
| 8th | Ireland | 172 |
| 9th | Austria | 157 |
| 10th | United Arab Emirates | 157 |
| … | … | … |
| … | … | … |
| … | … | … |
| 50th | Ukraine | 69 |
| 51st | Indonesia | 68 |
| 52nd | Bolivia | 61 |
| 53rd | Bangladesh | 52 |
| 54th | India | 49 |
| 55th | Paraguay | 47 |
| 56th | Egypt | 44 |
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 Austria is 37% more expensive than in Croatia
- Cost of living in Paraguay is 53% cheaper than in Czech Republic
- Cost of living in Russia is 60% cheaper than in Netherlands
- Cost of living in Greece is 32% cheaper than in Australia
- Cost of living in Turkey is about the same as in Serbia
- Cost of living in Russia is about the same as in Peru
- Cost of living in Mexico is 21% cheaper than in Finland
- Cost of living in United States is 52% more expensive than in Croatia
- Cost of living in India is 41% cheaper than in Chile
- Cost of living in United States is 82% more expensive than in Hungary