Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 236: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 236 |
| 2nd | Singapore | 235 |
| 3rd | Switzerland | 219 |
| 4th | Cayman Islands | 216 |
| 5th | Ireland | 182 |
| 6th | United States | 177 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 162 |
| 10th | Netherlands | 159 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Paraguay | 73 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 70 |
| 62nd | Malaysia | 67 |
| 63rd | Bolivia | 65 |
| 64th | Russia | 64 |
| 65th | 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 Italy is 36% more expensive than in Hungary
- Cost of living in Bahamas is 181% more expensive than in Guatemala
- Cost of living in Germany is 116% more expensive than in Bolivia
- Cost of living in United Kingdom is 126% more expensive than in Colombia
- Cost of living in Panama is 29% cheaper than in New Zealand
- Cost of living in United Kingdom is 73% more expensive than in China
- Cost of living in Portugal is 25% more expensive than in Brazil
- Cost of living in Brazil is 17% more expensive than in Argentina
- Cost of living in Malta is 8% cheaper than in Belgium
- Cost of living in Venezuela is 63% cheaper than in Singapore