Cost of Living Index by Country
Scale:
- 54: Egypt (cheapest)
- 100: Czech Republic
- 292: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 292 |
| 2nd | Switzerland | 269 |
| 3rd | Singapore | 237 |
| 4th | United Kingdom | 212 |
| 5th | United States | 195 |
| 6th | Australia | 192 |
| 7th | Netherlands | 183 |
| 8th | Ireland | 183 |
| 9th | New Zealand | 179 |
| 10th | Norway | 173 |
| … | … | … |
| … | … | … |
| … | … | … |
| 56th | Colombia | 75 |
| 57th | Paraguay | 70 |
| 58th | Russia | 69 |
| 59th | Bolivia | 67 |
| 60th | Bangladesh | 62 |
| 61st | India | 60 |
| 62nd | Egypt | 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 Fiji is about the same as in Peru
- Cost of living in Mexico is 46% cheaper than in Canada
- Cost of living in Costa Rica is 72% more expensive than in Paraguay
- Cost of living in Romania is 49% cheaper than in United Arab Emirates
- Cost of living in Macao is 48% more expensive than in Chile
- Cost of living in Japan is 94% more expensive than in Bolivia
- Cost of living in Guyana is 26% cheaper than in Croatia
- Cost of living in Netherlands is 24% more expensive than in Germany
- Cost of living in Lithuania is 19% cheaper than in Japan
- Cost of living in Italy is 63% more expensive than in Ecuador