Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 260 |
| 3rd | Switzerland | 232 |
| 4th | Hong Kong | 226 |
| 5th | Iceland | 224 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 210 |
| 8th | Norway | 208 |
| 9th | Singapore | 195 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Colombia | 65 |
| 75th | Turkey | 62 |
| 76th | Ukraine | 62 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 59 |
| 79th | 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 Estonia is 28% cheaper than in Canada
- Cost of living in Saudi Arabia is 27% more expensive than in Brazil
- Cost of living in Panama is 30% cheaper than in Japan
- Cost of living in Saudi Arabia is 41% cheaper than in South Korea
- Cost of living in Spain is 70% more expensive than in Brazil
- Cost of living in Italy is 29% more expensive than in Cuba
- Cost of living in Italy is 60% more expensive than in Ecuador
- Cost of living in Ireland is 69% more expensive than in Spain
- Cost of living in New Zealand is 98% more expensive than in El Salvador
- Cost of living in Ecuador is 28% more expensive than in Colombia