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Cost of Living Index by Country

Scale:
  • 44: Egypt (cheapest)
  • 100: Czech Republic
  • 240: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 240
2nd Hong Kong 204
3rd Switzerland 204
4th Cayman Islands 203
5th Bahamas 194
6th Ireland 183
7th Denmark 166
8th United States 166
9th Norway 165
10th Australia 164
65th Peru 65
66th Bolivia 61
67th Paraguay 58
68th Colombia 57
69th Kosovo 56
70th India 49
71st Egypt 44
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.

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