Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Hong Kong | 254 |
| 3rd | Cayman Islands | 249 |
| 4th | Switzerland | 240 |
| 5th | Bahamas | 232 |
| 6th | Ireland | 202 |
| 7th | United States | 198 |
| 8th | Denmark | 196 |
| 9th | Norway | 194 |
| 10th | Barbados | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 70th | Peru | 78 |
| 71st | Bolivia | 72 |
| 72nd | Paraguay | 70 |
| 73rd | Kosovo | 64 |
| 74th | Colombia | 60 |
| 75th | Tanzania | 58 |
| 76th | India | 58 |
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 Estonia is 41% cheaper than in Israel
- Cost of living in Russia is 31% cheaper than in Germany
- Cost of living in Indonesia is 19% cheaper than in Chile
- Cost of living in South Africa is 19% cheaper than in China
- Cost of living in Barbados is 6% more expensive than in United Kingdom
- Cost of living in Guyana is 59% cheaper than in Bahamas
- Cost of living in Tanzania is 40% cheaper than in El Salvador
- Cost of living in Qatar is 106% more expensive than in Bosnia and Herzegovina
- Cost of living in Cayman Islands is 170% more expensive than in Ecuador
- Cost of living in Mauritius is 31% more expensive than in Bolivia