Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Cayman Islands | 263 |
| 3rd | Switzerland | 230 |
| 4th | Hong Kong | 227 |
| 5th | Iceland | 225 |
| 6th | Bahamas | 213 |
| 7th | Ireland | 212 |
| 8th | Norway | 210 |
| 9th | Qatar | 196 |
| 10th | Singapore | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Tunisia | 67 |
| 76th | Egypt | 66 |
| 77th | Turkey | 65 |
| 78th | Ukraine | 60 |
| 79th | Georgia | 60 |
| 80th | Kazakhstan | 58 |
| 81st | India | 55 |
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 Morocco is 51% cheaper than in Finland
- Cost of living in Taiwan is 48% more expensive than in Bulgaria
- Cost of living in Bermuda is 150% more expensive than in Panama
- Cost of living in Russia is 55% cheaper than in Belgium
- Cost of living in Luxembourg is 5% more expensive than in New Zealand
- Cost of living in Singapore is 193% more expensive than in Paraguay
- Cost of living in Bahamas is 163% more expensive than in Indonesia
- Cost of living in Malaysia is 17% cheaper than in China
- Cost of living in El Salvador is 60% cheaper than in Hong Kong
- Cost of living in Ecuador is 16% cheaper than in Czech Republic