Cost of Living Index by Country
Scale:
- 48: Egypt (cheapest)
- 100: Czech Republic
- 230: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 230 |
| 2nd | Switzerland | 228 |
| 3rd | Singapore | 205 |
| 4th | United Kingdom | 178 |
| 5th | Hong Kong | 174 |
| 6th | United States | 171 |
| 7th | Australia | 170 |
| 8th | Netherlands | 165 |
| 9th | New Zealand | 160 |
| 10th | Ireland | 158 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Colombia | 66 |
| 61st | Russia | 63 |
| 62nd | Paraguay | 62 |
| 63rd | Bolivia | 59 |
| 64th | Bangladesh | 58 |
| 65th | India | 52 |
| 66th | Egypt | 48 |
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 United States is 33% more expensive than in Austria
- Cost of living in New Zealand is 69% more expensive than in Lithuania
- Cost of living in Fiji is 28% more expensive than in Bangladesh
- Cost of living in Palestinian Territory is 22% cheaper than in Italy
- Cost of living in Peru is 46% cheaper than in Austria
- Cost of living in Israel is about the same as in France
- Cost of living in Slovenia is 17% cheaper than in Poland
- Cost of living in Switzerland is 11% more expensive than in Singapore
- Cost of living in Palestinian Territory is 14% cheaper than in South Korea
- Cost of living in Indonesia is 6% more expensive than in Colombia