Cost of Living Index by Country
Scale:
- 54: Egypt (cheapest)
- 100: Czech Republic
- 292: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 292 |
| 2nd | Switzerland | 267 |
| 3rd | Singapore | 237 |
| 4th | United Kingdom | 212 |
| 5th | United States | 196 |
| 6th | Australia | 191 |
| 7th | Netherlands | 184 |
| 8th | Ireland | 183 |
| 9th | New Zealand | 180 |
| 10th | Norway | 172 |
| … | … | … |
| … | … | … |
| … | … | … |
| 56th | Colombia | 74 |
| 57th | Russia | 71 |
| 58th | Paraguay | 70 |
| 59th | Bolivia | 67 |
| 60th | Bangladesh | 62 |
| 61st | India | 60 |
| 62nd | Egypt | 54 |
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 South Africa is 38% cheaper than in Poland
- Cost of living in Poland is about the same as in Italy
- Cost of living in Indonesia is about the same as in Brazil
- Cost of living in Saudi Arabia is 40% more expensive than in Ecuador
- Cost of living in Saudi Arabia is 99% more expensive than in Bangladesh
- Cost of living in United States is 111% more expensive than in Bulgaria
- Cost of living in South Korea is 6% cheaper than in Finland
- Cost of living in Uruguay is 10% cheaper than in Sweden
- Cost of living in Costa Rica is 4% cheaper than in Saudi Arabia
- Cost of living in Peru is 54% cheaper than in Norway