Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Switzerland | 235 |
| 3rd | Hong Kong | 220 |
| 4th | Bahamas | 220 |
| 5th | Ireland | 209 |
| 6th | Norway | 198 |
| 7th | Luxembourg | 188 |
| 8th | Singapore | 188 |
| 9th | Denmark | 187 |
| 10th | Qatar | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 67th | Azerbaijan | 67 |
| 68th | Turkey | 66 |
| 69th | Paraguay | 61 |
| 70th | Ukraine | 61 |
| 71st | Kazakhstan | 60 |
| 72nd | Georgia | 59 |
| 73rd | India | 58 |
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 Switzerland is 70% more expensive than in Italy
- Cost of living in Malaysia is 14% cheaper than in China
- Cost of living in Greece is 29% cheaper than in France
- Cost of living in Mauritius is 63% more expensive than in Argentina
- Cost of living in Norway is 167% more expensive than in Bolivia
- Cost of living in Estonia is 56% more expensive than in Mexico
- Cost of living in Costa Rica is 20% more expensive than in Romania
- Cost of living in Bermuda is 57% more expensive than in Israel
- Cost of living in Philippines is 39% cheaper than in United Arab Emirates
- Cost of living in Lithuania is 11% cheaper than in Spain