Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 285: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 285 |
| 2nd | Cayman Islands | 269 |
| 3rd | Switzerland | 243 |
| 4th | Hong Kong | 224 |
| 5th | Bahamas | 223 |
| 6th | Norway | 209 |
| 7th | Ireland | 207 |
| 8th | Denmark | 192 |
| 9th | Luxembourg | 188 |
| 10th | Singapore | 187 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Turkey | 65 |
| 76th | Tanzania | 65 |
| 77th | Tunisia | 64 |
| 78th | Paraguay | 62 |
| 79th | Georgia | 62 |
| 80th | Kazakhstan | 62 |
| 81st | India | 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 New Zealand is 169% more expensive than in Tanzania
- Cost of living in Panama is 98% more expensive than in India
- Cost of living in Thailand is 53% cheaper than in Hong Kong
- Cost of living in Taiwan is 6% cheaper than in Japan
- Cost of living in Poland is 35% more expensive than in Azerbaijan
- Cost of living in Qatar is 66% more expensive than in Thailand
- Cost of living in Poland is 12% cheaper than in Lithuania
- Cost of living in Ecuador is 53% cheaper than in Denmark
- Cost of living in Portugal is 93% more expensive than in Kazakhstan
- Cost of living in Bermuda is 217% more expensive than in Indonesia