Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 298: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 298 |
| 2nd | Switzerland | 230 |
| 3rd | Hong Kong | 224 |
| 4th | Bahamas | 212 |
| 5th | Ireland | 206 |
| 6th | Norway | 204 |
| 7th | Singapore | 193 |
| 8th | Denmark | 188 |
| 9th | Australia | 187 |
| 10th | Luxembourg | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Egypt | 67 |
| 72nd | Paraguay | 63 |
| 73rd | Azerbaijan | 62 |
| 74th | Kazakhstan | 60 |
| 75th | Ukraine | 60 |
| 76th | Georgia | 58 |
| 77th | 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.
Other Country Comparisons
- Cost of living in Sweden is 8% cheaper than in Japan
- Cost of living in Luxembourg is 10% cheaper than in Ireland
- Cost of living in Mauritius is 20% cheaper than in Portugal
- Cost of living in South Africa is 56% more expensive than in Ukraine
- Cost of living in Mexico is 53% cheaper than in France
- Cost of living in Qatar is 74% more expensive than in Jordan
- Cost of living in Italy is 32% more expensive than in Czech Republic
- Cost of living in Serbia is about the same as in Mexico
- Cost of living in Qatar is about the same as in United Kingdom
- Cost of living in Peru is 61% cheaper than in Denmark