Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 301: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 301 |
| 2nd | Switzerland | 228 |
| 3rd | Hong Kong | 226 |
| 4th | Bahamas | 213 |
| 5th | Norway | 207 |
| 6th | Ireland | 206 |
| 7th | Singapore | 193 |
| 8th | Denmark | 188 |
| 9th | Australia | 187 |
| 10th | Qatar | 187 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 67 |
| 72nd | Paraguay | 64 |
| 73rd | Azerbaijan | 62 |
| 74th | Ukraine | 61 |
| 75th | Kazakhstan | 60 |
| 76th | Georgia | 58 |
| 77th | India | 56 |
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 South Africa is about the same as in Philippines
- Cost of living in New Zealand is 21% more expensive than in Austria
- Cost of living in Peru is 52% cheaper than in Canada
- Cost of living in Mauritius is 54% cheaper than in Norway
- Cost of living in Estonia is 38% more expensive than in Guatemala
- Cost of living in El Salvador is 62% more expensive than in India
- Cost of living in Italy is 28% more expensive than in Cuba
- Cost of living in El Salvador is 51% more expensive than in Kazakhstan
- Cost of living in Cyprus is 26% cheaper than in New Zealand
- Cost of living in Turkey is 12% cheaper than in Bulgaria