Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 300: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 300 |
| 2nd | Cayman Islands | 282 |
| 3rd | Switzerland | 254 |
| 4th | Bahamas | 236 |
| 5th | Hong Kong | 234 |
| 6th | Ireland | 219 |
| 7th | Norway | 206 |
| 8th | Singapore | 200 |
| 9th | Denmark | 199 |
| 10th | Qatar | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tanzania | 70 |
| 74th | Ukraine | 67 |
| 75th | Turkey | 67 |
| 76th | Paraguay | 65 |
| 77th | Georgia | 65 |
| 78th | Kazakhstan | 64 |
| 79th | India | 61 |
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 Brazil is 9% more expensive than in Azerbaijan
- Cost of living in Tanzania is 26% cheaper than in Ecuador
- Cost of living in Switzerland is 291% more expensive than in Paraguay
- Cost of living in Russia is 31% cheaper than in Lithuania
- Cost of living in Ukraine is 66% cheaper than in Netherlands
- Cost of living in Uruguay is 30% more expensive than in Bulgaria
- Cost of living in Luxembourg is 58% more expensive than in Jordan
- Cost of living in United States is 90% more expensive than in Ecuador
- Cost of living in Puerto Rico is 106% more expensive than in Georgia
- Cost of living in Panama is 73% more expensive than in Tunisia