Cost of Living Index by Country
Scale:
- 54: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Cayman Islands | 256 |
| 3rd | Switzerland | 229 |
| 4th | Iceland | 223 |
| 5th | Hong Kong | 222 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 207 |
| 8th | Norway | 206 |
| 9th | Singapore | 192 |
| 10th | Luxembourg | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 72nd | Paraguay | 64 |
| 73rd | Tunisia | 64 |
| 74th | Ukraine | 61 |
| 75th | Turkey | 61 |
| 76th | Azerbaijan | 60 |
| 77th | Kazakhstan | 58 |
| 78th | India | 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.
Other Country Comparisons
- Cost of living in Peru is 56% cheaper than in Austria
- Cost of living in Tunisia is 67% cheaper than in Singapore
- Cost of living in Switzerland is 102% more expensive than in Taiwan
- Cost of living in Cyprus is 11% cheaper than in Belgium
- Cost of living in Russia is 7% more expensive than in Paraguay
- Cost of living in Turkey is 5% cheaper than in Tunisia
- Cost of living in Tunisia is 62% cheaper than in Israel
- Cost of living in Spain is 103% more expensive than in Argentina
- Cost of living in Uruguay is about the same as in Lithuania
- Cost of living in Qatar is 212% more expensive than in Ukraine