Cost of Living Index by Country
Scale:
- 60: India (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Cayman Islands | 280 |
| 3rd | Switzerland | 249 |
| 4th | Bahamas | 235 |
| 5th | Hong Kong | 233 |
| 6th | Ireland | 217 |
| 7th | Norway | 200 |
| 8th | Singapore | 197 |
| 9th | Qatar | 197 |
| 10th | Netherlands | 195 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Colombia | 69 |
| 74th | Turkey | 67 |
| 75th | Ukraine | 67 |
| 76th | Paraguay | 65 |
| 77th | Kazakhstan | 63 |
| 78th | Georgia | 63 |
| 79th | India | 60 |
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 Poland is 51% cheaper than in United Kingdom
- Cost of living in Russia is about the same as in Brazil
- Cost of living in Luxembourg is 5% more expensive than in Israel
- Cost of living in Switzerland is 43% more expensive than in Finland
- Cost of living in Poland is 31% more expensive than in Colombia
- Cost of living in Luxembourg is 179% more expensive than in Argentina
- Cost of living in Sweden is 30% cheaper than in Hong Kong
- Cost of living in Kenya is 33% more expensive than in Colombia
- Cost of living in Ukraine is about the same as in Tunisia
- Cost of living in Costa Rica is 46% more expensive than in Russia