Cost of Living Index by Country
Scale:
- 56: Georgia (cheapest)
- 100: Czech Republic
- 273: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 273 |
| 2nd | Switzerland | 235 |
| 3rd | Hong Kong | 216 |
| 4th | Bahamas | 210 |
| 5th | Ireland | 206 |
| 6th | Norway | 203 |
| 7th | Luxembourg | 186 |
| 8th | Singapore | 186 |
| 9th | Australia | 186 |
| 10th | Israel | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 70th | Turkey | 67 |
| 71st | Azerbaijan | 64 |
| 72nd | Ukraine | 60 |
| 73rd | Paraguay | 60 |
| 74th | Kazakhstan | 59 |
| 75th | India | 56 |
| 76th | Georgia | 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 Estonia is 25% cheaper than in Sweden
- Cost of living in Kenya is 6% more expensive than in Indonesia
- Cost of living in Indonesia is 50% more expensive than in Georgia
- Cost of living in Slovenia is 39% cheaper than in Norway
- Cost of living in Estonia is 11% more expensive than in Lithuania
- Cost of living in Portugal is 25% cheaper than in Canada
- Cost of living in Ukraine is 65% cheaper than in Finland
- Cost of living in Bermuda is 87% more expensive than in United Arab Emirates
- Cost of living in Ukraine is 26% cheaper than in Bulgaria
- Cost of living in Peru is 13% cheaper than in Indonesia