Cost of Living Index by Country
Scale:
- 56: Georgia (cheapest)
- 100: Czech Republic
- 274: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 274 |
| 2nd | Switzerland | 235 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 211 |
| 5th | Ireland | 206 |
| 6th | Norway | 202 |
| 7th | Singapore | 187 |
| 8th | Luxembourg | 186 |
| 9th | Australia | 186 |
| 10th | United Kingdom | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Turkey | 67 |
| 70th | Azerbaijan | 64 |
| 71st | Paraguay | 60 |
| 72nd | Ukraine | 59 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 57 |
| 75th | Georgia | 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 Croatia is 41% more expensive than in Bulgaria
- Cost of living in Estonia is 18% cheaper than in Belgium
- Cost of living in Romania is 9% more expensive than in Peru
- Cost of living in Bulgaria is 27% more expensive than in Argentina
- Cost of living in Panama is 4% cheaper than in Portugal
- Cost of living in Panama is 40% more expensive than in Mexico
- Cost of living in South Africa is 20% cheaper than in Lithuania
- Cost of living in Panama is 39% more expensive than in Romania
- Cost of living in Turkey is 67% cheaper than in Ireland
- Cost of living in Bermuda is 197% more expensive than in El Salvador