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Cost of Living Index by Country

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 228: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 228
2nd Singapore 197
3rd United Kingdom 195
4th Hong Kong 173
5th Ireland 168
6th United States 167
7th Australia 165
8th Netherlands 163
9th New Zealand 157
10th Norway 152
53rd Peru 70
54th Colombia 68
55th Indonesia 66
56th Russia 65
57th Bolivia 59
58th Malaysia 58
59th India 51
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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