Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 278: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 278 |
| 2nd | Switzerland | 233 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 217 |
| 5th | Ireland | 208 |
| 6th | Norway | 199 |
| 7th | Singapore | 189 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 185 |
| 10th | Netherlands | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 64 |
| 70th | Paraguay | 60 |
| 71st | Ukraine | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 58 |
| 74th | India | 57 |
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 New Zealand is 32% more expensive than in Italy
- Cost of living in Singapore is 19% more expensive than in South Korea
- Cost of living in Panama is 37% more expensive than in Guatemala
- Cost of living in Spain is 86% more expensive than in Colombia
- Cost of living in Guatemala is 43% cheaper than in Austria
- Cost of living in Philippines is 36% cheaper than in Belgium
- Cost of living in Tunisia is 4% cheaper than in Egypt
- Cost of living in Panama is 38% cheaper than in United Kingdom
- Cost of living in Thailand is about the same as in Czech Republic
- Cost of living in Cyprus is 38% cheaper than in Bahamas