Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Hong Kong | 254 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 232 |
| 6th | Ireland | 202 |
| 7th | United States | 198 |
| 8th | Denmark | 196 |
| 9th | Norway | 194 |
| 10th | Barbados | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 70th | Peru | 78 |
| 71st | Bolivia | 72 |
| 72nd | Paraguay | 70 |
| 73rd | Kosovo | 64 |
| 74th | Colombia | 60 |
| 75th | Tanzania | 58 |
| 76th | India | 58 |
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 Andorra is 82% more expensive than in Malaysia
- Cost of living in Costa Rica is 20% more expensive than in Chile
- Cost of living in Costa Rica is 39% more expensive than in Poland
- Cost of living in Kosovo is 45% cheaper than in Portugal
- Cost of living in Bosnia and Herzegovina is 50% cheaper than in Australia
- Cost of living in Poland is 54% cheaper than in Israel
- Cost of living in Sweden is 17% cheaper than in Australia
- Cost of living in Peru is 46% cheaper than in South Korea
- Cost of living in Vietnam is 6% cheaper than in Chile
- Cost of living in Switzerland is 297% more expensive than in Colombia