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Cost of Living Index by Country

Scale:
  • 56: India (cheapest)
  • 100: Czech Republic
  • 266: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 266
2nd Switzerland 237
3rd Iceland 228
4th Bahamas 226
5th Hong Kong 225
6th Ireland 213
7th Qatar 196
8th Singapore 195
9th Luxembourg 193
10th Norway 192
69th Tunisia 65
70th Paraguay 65
71st Turkey 63
72nd Egypt 63
73rd Azerbaijan 62
74th Kazakhstan 60
75th India 56
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.

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