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 | Cayman Islands | 271 |
| 3rd | Switzerland | 246 |
| 4th | Bahamas | 226 |
| 5th | Hong Kong | 226 |
| 6th | Norway | 209 |
| 7th | Ireland | 209 |
| 8th | Denmark | 194 |
| 9th | Luxembourg | 190 |
| 10th | Singapore | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 76th | Ukraine | 66 |
| 77th | Tunisia | 65 |
| 78th | Tanzania | 65 |
| 79th | Paraguay | 64 |
| 80th | Georgia | 63 |
| 81st | Kazakhstan | 62 |
| 82nd | 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 Norway is 47% more expensive than in Italy
- Cost of living in Turkey is 28% cheaper than in Ecuador
- Cost of living in Taiwan is 30% cheaper than in Ireland
- Cost of living in Estonia is about the same as in Greece
- Cost of living in Slovenia is 66% more expensive than in Morocco
- Cost of living in Tunisia is 37% cheaper than in Lithuania
- Cost of living in Cayman Islands is 47% more expensive than in Netherlands
- Cost of living in Botswana is 16% more expensive than in Indonesia
- Cost of living in Switzerland is 107% more expensive than in Jordan
- Cost of living in Ukraine is 62% cheaper than in Australia