Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Cayman Islands | 276 |
| 3rd | Switzerland | 252 |
| 4th | Hong Kong | 234 |
| 5th | Bahamas | 233 |
| 6th | Ireland | 221 |
| 7th | Norway | 206 |
| 8th | Singapore | 200 |
| 9th | Netherlands | 197 |
| 10th | Denmark | 197 |
| … | … | … |
| … | … | … |
| … | … | … |
| 70th | Colombia | 70 |
| 71st | Ukraine | 66 |
| 72nd | Turkey | 65 |
| 73rd | Paraguay | 64 |
| 74th | Georgia | 63 |
| 75th | Kazakhstan | 62 |
| 76th | India | 61 |
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 Singapore is 7% more expensive than in Israel
- Cost of living in Malaysia is 10% more expensive than in Mexico
- Cost of living in New Zealand is 55% more expensive than in Jordan
- Cost of living in Russia is 46% cheaper than in Spain
- Cost of living in Tunisia is 34% cheaper than in Lithuania
- Cost of living in Mauritius is 60% more expensive than in Colombia
- Cost of living in Italy is 16% cheaper than in United Arab Emirates
- Cost of living in Lithuania is 26% cheaper than in Italy
- Cost of living in Turkey is 7% cheaper than in Colombia
- Cost of living in United Kingdom is 78% more expensive than in China