Cost of Living Index by Country
Scale:
- 50: Egypt (cheapest)
- 100: Czech Republic
- 248: Switzerland (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Switzerland | 248 |
| 2nd | Singapore | 230 |
| 3rd | Hong Kong | 193 |
| 4th | Australia | 186 |
| 5th | United Kingdom | 182 |
| 6th | United States | 182 |
| 7th | Netherlands | 176 |
| 8th | Ireland | 174 |
| 9th | New Zealand | 173 |
| 10th | Norway | 166 |
| … | … | … |
| … | … | … |
| … | … | … |
| 57th | Colombia | 70 |
| 58th | Russia | 66 |
| 59th | Paraguay | 66 |
| 60th | Bolivia | 62 |
| 61st | Bangladesh | 60 |
| 62nd | India | 53 |
| 63rd | Egypt | 50 |
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 Guyana is 26% more expensive than in Russia
- Cost of living in Poland is 86% more expensive than in Bosnia and Herzegovina
- Cost of living in Israel is 67% more expensive than in Venezuela
- Cost of living in Uruguay is 112% more expensive than in Bangladesh
- Cost of living in Paraguay is 46% cheaper than in Japan
- Cost of living in Serbia is about the same as in Chile
- Cost of living in Romania is 56% cheaper than in Netherlands
- Cost of living in Mexico is 6% cheaper than in Chile
- Cost of living in Estonia is 32% cheaper than in Netherlands
- Cost of living in South Africa is 14% more expensive than in Indonesia