Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 295: Bermuda (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Bermuda | 295 |
2nd | Switzerland | 231 |
3rd | Hong Kong | 222 |
4th | Bahamas | 210 |
5th | Ireland | 207 |
6th | Norway | 204 |
7th | Singapore | 192 |
8th | Australia | 187 |
9th | Luxembourg | 186 |
10th | Netherlands | 185 |
… | … | … |
… | … | … |
… | … | … |
71st | Colombia | 67 |
72nd | Paraguay | 63 |
73rd | Azerbaijan | 61 |
74th | Kazakhstan | 60 |
75th | Ukraine | 60 |
76th | Georgia | 57 |
77th | India | 56 |
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 Indonesia is 45% cheaper than in Canada
- Cost of living in Cyprus is 11% more expensive than in Portugal
- Cost of living in Romania is 30% more expensive than in Azerbaijan
- Cost of living in Slovenia is 28% cheaper than in Japan
- Cost of living in Mexico is 50% cheaper than in Canada
- Cost of living in Romania is 57% cheaper than in Netherlands
- Cost of living in Romania is 48% cheaper than in Germany
- Cost of living in Norway is 19% more expensive than in Japan
- Cost of living in Finland is 76% more expensive than in China
- Cost of living in Italy is 4% more expensive than in Spain