Cost of Living Index by Country
Scale:
- 49: Turkey (cheapest)
- 100: Czech Republic
- 276: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 276 |
| 2nd | Hong Kong | 255 |
| 3rd | Switzerland | 248 |
| 4th | Iceland | 225 |
| 5th | Singapore | 216 |
| 6th | Ireland | 204 |
| 7th | Norway | 195 |
| 8th | Luxembourg | 195 |
| 9th | Israel | 186 |
| 10th | Australia | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Kazakhstan | 70 |
| 61st | Peru | 69 |
| 62nd | Azerbaijan | 68 |
| 63rd | Egypt | 68 |
| 64th | Colombia | 67 |
| 65th | India | 58 |
| 66th | Turkey | 49 |
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 United States is 69% more expensive than in Lithuania
- Cost of living in Malta is 53% more expensive than in Estonia
- Cost of living in Saudi Arabia is 6% cheaper than in Lithuania
- Cost of living in Costa Rica is 22% cheaper than in Cuba
- Cost of living in Spain is 84% more expensive than in Colombia
- Cost of living in Romania is 20% more expensive than in Colombia
- Cost of living in Peru is 25% cheaper than in Chile
- Cost of living in Iceland is 25% more expensive than in Qatar
- Cost of living in Iceland is 355% more expensive than in Turkey
- Cost of living in Morocco is 47% cheaper than in Belgium