Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 278: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 278 |
| 2nd | Switzerland | 232 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 217 |
| 5th | Ireland | 207 |
| 6th | Norway | 199 |
| 7th | Singapore | 189 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 184 |
| 10th | United Kingdom | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 63 |
| 70th | Ukraine | 60 |
| 71st | Paraguay | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 58 |
| 74th | India | 57 |
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 Bahrain is about the same as in Estonia
- Cost of living in Serbia is 63% cheaper than in Ireland
- Cost of living in South Korea is about the same as in Canada
- Cost of living in Portugal is 25% cheaper than in Germany
- Cost of living in Croatia is 9% more expensive than in China
- Cost of living in Denmark is 7% more expensive than in Australia
- Cost of living in Panama is 22% cheaper than in Austria
- Cost of living in Netherlands is about the same as in Israel
- Cost of living in South Africa is 9% cheaper than in Philippines
- Cost of living in Cyprus is 42% cheaper than in Switzerland