Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 261 |
| 3rd | Switzerland | 230 |
| 4th | Hong Kong | 225 |
| 5th | Iceland | 225 |
| 6th | Ireland | 212 |
| 7th | Norway | 212 |
| 8th | Bahamas | 210 |
| 9th | Singapore | 196 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Tunisia | 67 |
| 76th | Egypt | 65 |
| 77th | Turkey | 64 |
| 78th | Ukraine | 60 |
| 79th | Georgia | 59 |
| 80th | Kazakhstan | 58 |
| 81st | 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 France is 58% more expensive than in Chile
- Cost of living in Ukraine is 31% cheaper than in Philippines
- Cost of living in Norway is 13% more expensive than in Australia
- Cost of living in Peru is 66% cheaper than in Norway
- Cost of living in Thailand is about the same as in Hungary
- Cost of living in Malaysia is 55% cheaper than in Australia
- Cost of living in Guatemala is 51% cheaper than in United Kingdom
- Cost of living in Poland is about the same as in Malaysia
- Cost of living in Greece is 25% cheaper than in France
- Cost of living in Ukraine is 40% cheaper than in Czech Republic