Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 278: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 278 |
| 2nd | Switzerland | 232 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 217 |
| 5th | Ireland | 207 |
| 6th | Norway | 199 |
| 7th | Singapore | 189 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 184 |
| 10th | United Kingdom | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 63 |
| 70th | Ukraine | 60 |
| 71st | Paraguay | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 58 |
| 74th | India | 57 |
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 Italy is 108% more expensive than in Azerbaijan
- Cost of living in Bermuda is 127% more expensive than in Puerto Rico
- Cost of living in Albania is 48% cheaper than in South Korea
- Cost of living in Cyprus is 13% cheaper than in Germany
- Cost of living in Finland is 15% more expensive than in Austria
- Cost of living in Costa Rica is 5% cheaper than in Thailand
- Cost of living in Luxembourg is 36% more expensive than in Italy
- Cost of living in Luxembourg is 183% more expensive than in Azerbaijan
- Cost of living in Ukraine is 31% cheaper than in Poland
- Cost of living in Tunisia is 47% cheaper than in Spain