Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 260 |
| 3rd | Switzerland | 232 |
| 4th | Hong Kong | 226 |
| 5th | Iceland | 224 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 210 |
| 8th | Norway | 208 |
| 9th | Singapore | 195 |
| 10th | Denmark | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Colombia | 65 |
| 75th | Turkey | 62 |
| 76th | Ukraine | 62 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 59 |
| 79th | India | 55 |
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 Tunisia is 45% cheaper than in Portugal
- Cost of living in Poland is 14% cheaper than in Chile
- Cost of living in Israel is 17% cheaper than in Ireland
- Cost of living in Lithuania is 34% more expensive than in Indonesia
- Cost of living in Egypt is 17% cheaper than in Dominican Republic
- Cost of living in Costa Rica is 48% more expensive than in Egypt
- Cost of living in Denmark is 215% more expensive than in Azerbaijan
- Cost of living in Qatar is 85% more expensive than in South Africa
- Cost of living in Iceland is about the same as in Hong Kong
- Cost of living in France is 57% more expensive than in Cuba