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Cost of Living Index by Country

Scale:
  • 52: India (cheapest)
  • 100: Czech Republic
  • 236: Bahamas (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bahamas 236
2nd Singapore 235
3rd Switzerland 219
4th Cayman Islands 216
5th Ireland 182
6th United States 177
7th Denmark 174
8th Australia 164
9th Norway 162
10th Netherlands 159
59th Paraguay 73
60th Vietnam 73
61st Colombia 70
62nd Malaysia 67
63rd Bolivia 65
64th Russia 64
65th India 52
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.

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