Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 286: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 286 |
| 2nd | Cayman Islands | 270 |
| 3rd | Switzerland | 242 |
| 4th | Hong Kong | 224 |
| 5th | Bahamas | 224 |
| 6th | Norway | 209 |
| 7th | Ireland | 207 |
| 8th | Denmark | 193 |
| 9th | Luxembourg | 188 |
| 10th | Singapore | 187 |
| … | … | … |
| … | … | … |
| … | … | … |
| 76th | Ukraine | 65 |
| 77th | Tanzania | 65 |
| 78th | Tunisia | 65 |
| 79th | Paraguay | 64 |
| 80th | Georgia | 62 |
| 81st | Kazakhstan | 62 |
| 82nd | 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 Hong Kong is 55% more expensive than in Austria
- Cost of living in Israel is 15% more expensive than in Belgium
- Cost of living in Slovakia is 24% more expensive than in Guatemala
- Cost of living in Cayman Islands is 367% more expensive than in India
- Cost of living in Mauritius is 20% more expensive than in Poland
- Cost of living in Luxembourg is 78% more expensive than in Slovakia
- Cost of living in Russia is 56% more expensive than in Pakistan
- Cost of living in Bahamas is 37% more expensive than in Finland
- Cost of living in Tanzania is 37% cheaper than in Lithuania
- Cost of living in Kenya is 61% cheaper than in Hong Kong