Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 263 |
| 3rd | Switzerland | 231 |
| 4th | Iceland | 230 |
| 5th | Bahamas | 228 |
| 6th | Hong Kong | 225 |
| 7th | Ireland | 211 |
| 8th | Norway | 195 |
| 9th | Qatar | 195 |
| 10th | Singapore | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 74th | Tunisia | 64 |
| 75th | Ukraine | 64 |
| 76th | Egypt | 63 |
| 77th | Azerbaijan | 62 |
| 78th | Turkey | 61 |
| 79th | Kazakhstan | 59 |
| 80th | India | 56 |
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 Cayman Islands is 231% more expensive than in Dominican Republic
- Cost of living in Finland is 70% more expensive than in Chile
- Cost of living in Dominican Republic is 21% cheaper than in Czech Republic
- Cost of living in Bahrain is 34% more expensive than in Thailand
- Cost of living in El Salvador is 46% more expensive than in Argentina
- Cost of living in Uruguay is 29% cheaper than in Austria
- Cost of living in Panama is about the same as in Taiwan
- Cost of living in South Africa is 41% cheaper than in United Kingdom
- Cost of living in Peru is 56% cheaper than in Canada
- Cost of living in Israel is 12% more expensive than in Austria