Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 295: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 295 |
| 2nd | Switzerland | 231 |
| 3rd | Hong Kong | 222 |
| 4th | Bahamas | 210 |
| 5th | Ireland | 207 |
| 6th | Norway | 204 |
| 7th | Singapore | 192 |
| 8th | Australia | 187 |
| 9th | Luxembourg | 186 |
| 10th | Netherlands | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 67 |
| 72nd | Paraguay | 63 |
| 73rd | Azerbaijan | 61 |
| 74th | Kazakhstan | 60 |
| 75th | Ukraine | 60 |
| 76th | Georgia | 57 |
| 77th | India | 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 Malta is 65% more expensive than in Guatemala
- Cost of living in Kazakhstan is 60% cheaper than in Canada
- Cost of living in Tunisia is 55% cheaper than in Belgium
- Cost of living in Mauritius is 24% cheaper than in Slovenia
- Cost of living in Cyprus is 121% more expensive than in Ukraine
- Cost of living in Malaysia is 55% cheaper than in Australia
- Cost of living in Panama is 69% more expensive than in Colombia
- Cost of living in Mauritius is 41% more expensive than in Egypt
- Cost of living in Panama is 35% more expensive than in Malaysia
- Cost of living in Hong Kong is 125% more expensive than in Chile