Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 237: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 237 |
| 2nd | Singapore | 232 |
| 3rd | Switzerland | 220 |
| 4th | Cayman Islands | 218 |
| 5th | Ireland | 183 |
| 6th | United States | 178 |
| 7th | Denmark | 174 |
| 8th | Australia | 165 |
| 9th | Norway | 162 |
| 10th | Netherlands | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Paraguay | 74 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 70 |
| 62nd | Malaysia | 68 |
| 63rd | Bolivia | 65 |
| 64th | Russia | 64 |
| 65th | India | 52 |
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 Panama is 14% cheaper than in Uruguay
- Cost of living in Palestinian Territory is 22% cheaper than in Belgium
- Cost of living in Panama is 48% more expensive than in Vietnam
- Cost of living in South Africa is 21% cheaper than in Spain
- Cost of living in Thailand is 35% cheaper than in South Korea
- Cost of living in Slovakia is 40% cheaper than in Norway
- Cost of living in Palestinian Territory is 21% cheaper than in United Arab Emirates
- Cost of living in South Africa is 23% more expensive than in Malaysia
- Cost of living in Bahrain is 27% cheaper than in New Zealand
- Cost of living in Spain is 13% more expensive than in China