Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 237: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 237 |
| 2nd | Singapore | 234 |
| 3rd | Switzerland | 219 |
| 4th | Cayman Islands | 218 |
| 5th | Ireland | 183 |
| 6th | United States | 179 |
| 7th | Denmark | 174 |
| 8th | Australia | 165 |
| 9th | Norway | 163 |
| 10th | Netherlands | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Peru | 74 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 69 |
| 62nd | Malaysia | 68 |
| 63rd | Russia | 66 |
| 64th | Bolivia | 65 |
| 65th | India | 52 |
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 Bulgaria is 10% cheaper than in Venezuela
- Cost of living in Cayman Islands is 158% more expensive than in Guatemala
- Cost of living in Guatemala is about the same as in Brazil
- Cost of living in Mauritius is 7% cheaper than in Chile
- Cost of living in Bahamas is 122% more expensive than in Portugal
- Cost of living in Palestinian Territory is 32% cheaper than in Netherlands
- Cost of living in Norway is 37% more expensive than in Japan
- Cost of living in Malaysia is 36% cheaper than in Spain
- Cost of living in Taiwan is 46% cheaper than in Ireland
- Cost of living in El Salvador is about the same as in Hungary