Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 260 |
| 3rd | Switzerland | 232 |
| 4th | Hong Kong | 226 |
| 5th | Iceland | 224 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 210 |
| 8th | Norway | 208 |
| 9th | Singapore | 195 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Colombia | 65 |
| 75th | Turkey | 62 |
| 76th | Ukraine | 62 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 59 |
| 79th | India | 55 |
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 Costa Rica is 39% cheaper than in South Korea
- Cost of living in Cayman Islands is 226% more expensive than in Romania
- Cost of living in Mauritius is 9% more expensive than in Guatemala
- Cost of living in Malaysia is 18% more expensive than in Bolivia
- Cost of living in Hungary is 40% cheaper than in Germany
- Cost of living in Mauritius is 51% more expensive than in Ukraine
- Cost of living in Taiwan is 35% more expensive than in Guatemala
- Cost of living in Cayman Islands is 318% more expensive than in Turkey
- Cost of living in Cyprus is 105% more expensive than in Egypt
- Cost of living in Paraguay is 6% more expensive than in Argentina