Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 235: Singapore (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Singapore | 235 |
| 2nd | Bahamas | 235 |
| 3rd | Switzerland | 220 |
| 4th | Cayman Islands | 217 |
| 5th | Ireland | 183 |
| 6th | United States | 178 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 161 |
| 10th | United Kingdom | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Paraguay | 73 |
| 61st | Vietnam | 73 |
| 62nd | Colombia | 71 |
| 63rd | Malaysia | 68 |
| 64th | Bolivia | 65 |
| 65th | Russia | 64 |
| 66th | India | 52 |
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 Austria is 35% more expensive than in Taiwan
- Cost of living in United States is 125% more expensive than in Philippines
- Cost of living in Russia is 17% cheaper than in Indonesia
- Cost of living in Venezuela is 51% cheaper than in United States
- Cost of living in Cayman Islands is about the same as in Switzerland
- Cost of living in Slovakia is 53% more expensive than in Russia
- Cost of living in United States is 174% more expensive than in Bolivia
- Cost of living in Mauritius is 34% cheaper than in Malta
- Cost of living in Argentina is 46% cheaper than in United Arab Emirates
- Cost of living in Portugal is 33% cheaper than in Netherlands