Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Switzerland | 234 |
| 3rd | Hong Kong | 220 |
| 4th | Bahamas | 220 |
| 5th | Ireland | 209 |
| 6th | Norway | 198 |
| 7th | Luxembourg | 188 |
| 8th | Singapore | 188 |
| 9th | Denmark | 186 |
| 10th | Netherlands | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 67 |
| 69th | Turkey | 66 |
| 70th | Paraguay | 61 |
| 71st | Ukraine | 61 |
| 72nd | Kazakhstan | 60 |
| 73rd | Georgia | 59 |
| 74th | 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 India is 31% cheaper than in Guatemala
- Cost of living in Qatar is about the same as in Singapore
- Cost of living in South Korea is 8% cheaper than in Australia
- Cost of living in Puerto Rico is 20% cheaper than in Belgium
- Cost of living in South Africa is 29% more expensive than in Russia
- Cost of living in New Zealand is 162% more expensive than in Colombia
- Cost of living in Sweden is about the same as in France
- Cost of living in Albania is 12% more expensive than in Bolivia
- Cost of living in Poland is 8% more expensive than in Mexico
- Cost of living in Netherlands is about the same as in United Kingdom