Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 300: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 300 |
| 2nd | Cayman Islands | 282 |
| 3rd | Switzerland | 254 |
| 4th | Bahamas | 236 |
| 5th | Hong Kong | 234 |
| 6th | Ireland | 219 |
| 7th | Norway | 206 |
| 8th | Singapore | 200 |
| 9th | Denmark | 199 |
| 10th | Qatar | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tanzania | 70 |
| 74th | Ukraine | 67 |
| 75th | Turkey | 67 |
| 76th | Paraguay | 65 |
| 77th | Georgia | 65 |
| 78th | Kazakhstan | 64 |
| 79th | 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 Sweden is 136% more expensive than in Colombia
- Cost of living in Dominican Republic is 60% cheaper than in Denmark
- Cost of living in Estonia is 38% more expensive than in Poland
- Cost of living in Bermuda is 46% more expensive than in Norway
- Cost of living in Denmark is 180% more expensive than in Azerbaijan
- Cost of living in Slovenia is 19% cheaper than in Canada
- Cost of living in Philippines is 43% cheaper than in France
- Cost of living in Bahamas is 20% more expensive than in Qatar
- Cost of living in Russia is 57% cheaper than in France
- Cost of living in Albania is 26% more expensive than in Tunisia