Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Switzerland | 235 |
| 3rd | Hong Kong | 220 |
| 4th | Bahamas | 220 |
| 5th | Ireland | 209 |
| 6th | Norway | 198 |
| 7th | Luxembourg | 188 |
| 8th | Singapore | 188 |
| 9th | Denmark | 187 |
| 10th | Qatar | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 67th | Azerbaijan | 67 |
| 68th | Turkey | 66 |
| 69th | Paraguay | 61 |
| 70th | Ukraine | 61 |
| 71st | Kazakhstan | 60 |
| 72nd | Georgia | 59 |
| 73rd | 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 Bahamas is 130% more expensive than in Chile
- Cost of living in South Korea is 24% cheaper than in Ireland
- Cost of living in Morocco is 54% cheaper than in Finland
- Cost of living in Canada is 11% cheaper than in Australia
- Cost of living in Bermuda is 253% more expensive than in Serbia
- Cost of living in Switzerland is 40% more expensive than in Finland
- Cost of living in Israel is 99% more expensive than in Hungary
- Cost of living in Denmark is 96% more expensive than in Chile
- Cost of living in Singapore is 125% more expensive than in Guatemala
- Cost of living in Colombia is 55% cheaper than in Belgium