Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 296: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 296 |
| 2nd | Cayman Islands | 282 |
| 3rd | Hong Kong | 228 |
| 4th | Switzerland | 223 |
| 5th | Iceland | 218 |
| 6th | Bahamas | 216 |
| 7th | Norway | 205 |
| 8th | Ireland | 195 |
| 9th | Singapore | 190 |
| 10th | Denmark | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 89th | Kazakhstan | 74 |
| 90th | Azerbaijan | 72 |
| 91st | Tanzania | 70 |
| 92nd | Georgia | 70 |
| 93rd | Paraguay | 68 |
| 94th | Tunisia | 64 |
| 95th | India | 64 |
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 Romania is 52% cheaper than in Lebanon
- Cost of living in Sweden is 65% more expensive than in Brazil
- Cost of living in Poland is 6% more expensive than in Dominican Republic
- Cost of living in Romania is 59% cheaper than in Israel
- Cost of living in Costa Rica is 37% cheaper than in Israel
- Cost of living in Mauritius is 11% cheaper than in France
- Cost of living in Turkey is about the same as in Romania
- Cost of living in Tunisia is 32% cheaper than in Brazil
- Cost of living in Bahamas is 179% more expensive than in Egypt
- Cost of living in Italy is 73% more expensive than in Bosnia and Herzegovina