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Cost of Living Index by Country

Scale:
  • 54: Egypt (cheapest)
  • 100: Czech Republic
  • 291: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 291
2nd Switzerland 253
3rd Singapore 231
4th United Kingdom 202
5th United States 199
6th Australia 178
7th Ireland 176
8th Norway 169
9th New Zealand 169
10th Israel 168
55th Indonesia 73
56th Paraguay 70
57th Bolivia 69
58th Russia 66
59th Bangladesh 62
60th India 59
61st Egypt 54
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.

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