Cost of Living Index by Country
Scale:
- 45: Turkey (cheapest)
- 100: Czech Republic
- 263: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 263 |
| 2nd | Switzerland | 247 |
| 3rd | Hong Kong | 246 |
| 4th | Iceland | 213 |
| 5th | Singapore | 209 |
| 6th | Ireland | 195 |
| 7th | Norway | 192 |
| 8th | New Zealand | 189 |
| 9th | Luxembourg | 185 |
| 10th | Israel | 181 |
| … | … | … |
| … | … | … |
| … | … | … |
| 62nd | Kazakhstan | 67 |
| 63rd | Egypt | 67 |
| 64th | Bolivia | 65 |
| 65th | Azerbaijan | 65 |
| 66th | Colombia | 64 |
| 67th | India | 56 |
| 68th | Turkey | 45 |
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 Vietnam is about the same as in Indonesia
- Cost of living in Costa Rica is 37% more expensive than in Brazil
- Cost of living in Israel is 119% more expensive than in Malaysia
- Cost of living in Panama is 76% more expensive than in Argentina
- Cost of living in Morocco is 15% more expensive than in Egypt
- Cost of living in Singapore is 15% cheaper than in Hong Kong
- Cost of living in Poland is 42% cheaper than in France
- Cost of living in France is 62% more expensive than in Chile
- Cost of living in Peru is 32% cheaper than in Greece
- Cost of living in Vietnam is 13% cheaper than in Venezuela