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Cost of Living Index by Country

Scale:
  • 44: Egypt (cheapest)
  • 100: Czech Republic
  • 236: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 236
2nd Switzerland 224
3rd Singapore 194
4th Netherlands 177
5th Ireland 174
6th United States 172
7th United Kingdom 168
8th Hong Kong 168
9th United Arab Emirates 154
10th Austria 152
50th Colombia 71
51st Ukraine 67
52nd Bolivia 59
53rd Bangladesh 51
54th India 48
55th Paraguay 46
56th Egypt 44
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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