Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 262 |
| 3rd | Switzerland | 233 |
| 4th | Iceland | 228 |
| 5th | Hong Kong | 228 |
| 6th | Bahamas | 212 |
| 7th | Ireland | 212 |
| 8th | Norway | 209 |
| 9th | Singapore | 197 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 74th | Paraguay | 66 |
| 75th | Colombia | 64 |
| 76th | Turkey | 62 |
| 77th | Ukraine | 62 |
| 78th | Azerbaijan | 61 |
| 79th | Kazakhstan | 59 |
| 80th | 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 Singapore is 78% more expensive than in Lithuania
- Cost of living in Singapore is 10% more expensive than in Netherlands
- Cost of living in Japan is 5% more expensive than in France
- Cost of living in Lithuania is about the same as in Croatia
- Cost of living in Philippines is 61% cheaper than in Hong Kong
- Cost of living in Spain is 23% cheaper than in Austria
- Cost of living in Bahamas is 202% more expensive than in Peru
- Cost of living in Luxembourg is 16% more expensive than in United States
- Cost of living in El Salvador is 48% cheaper than in Netherlands
- Cost of living in Colombia is 65% cheaper than in Australia