Cost of Living Index by Country
Scale:
- 48: Egypt (cheapest)
- 100: Czech Republic
- 229: Switzerland (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Switzerland | 229 |
| 2nd | Cayman Islands | 228 |
| 3rd | Singapore | 204 |
| 4th | United Kingdom | 178 |
| 5th | Hong Kong | 173 |
| 6th | United States | 169 |
| 7th | Australia | 169 |
| 8th | Netherlands | 165 |
| 9th | New Zealand | 160 |
| 10th | Ireland | 157 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Malaysia | 67 |
| 61st | Russia | 63 |
| 62nd | Paraguay | 62 |
| 63rd | Bolivia | 59 |
| 64th | Bangladesh | 57 |
| 65th | India | 52 |
| 66th | Egypt | 48 |
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 Saudi Arabia is 22% cheaper than in Belgium
- Cost of living in Luxembourg is about the same as in Sweden
- Cost of living in Guyana is about the same as in Ecuador
- Cost of living in Malaysia is 42% cheaper than in Japan
- Cost of living in Lithuania is 82% more expensive than in India
- Cost of living in Guyana is 49% cheaper than in Norway
- Cost of living in Singapore is 30% more expensive than in Ireland
- Cost of living in India is 28% cheaper than in Brazil
- Cost of living in Czech Republic is 33% cheaper than in Canada
- Cost of living in Guyana is 24% cheaper than in Portugal