Cost of Living Index by Country
Scale:
- 57: Georgia (cheapest)
- 100: Czech Republic
- 276: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 276 |
| 2nd | Switzerland | 238 |
| 3rd | Hong Kong | 221 |
| 4th | Bahamas | 213 |
| 5th | Ireland | 208 |
| 6th | Norway | 204 |
| 7th | Luxembourg | 189 |
| 8th | Singapore | 189 |
| 9th | United Kingdom | 187 |
| 10th | Australia | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Turkey | 67 |
| 70th | Azerbaijan | 63 |
| 71st | Paraguay | 61 |
| 72nd | Ukraine | 60 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 57 |
| 75th | Georgia | 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 Slovenia is 25% cheaper than in Sweden
- Cost of living in Cyprus is 42% more expensive than in Costa Rica
- Cost of living in Colombia is 53% cheaper than in United Arab Emirates
- Cost of living in Kenya is 6% more expensive than in Ecuador
- Cost of living in El Salvador is 15% more expensive than in Mexico
- Cost of living in Mexico is 27% more expensive than in Azerbaijan
- Cost of living in Serbia is 56% cheaper than in Israel
- Cost of living in Israel is 63% more expensive than in Croatia
- Cost of living in Lithuania is 62% more expensive than in Colombia
- Cost of living in Slovenia is 35% more expensive than in Hungary