Cost of Living Index by Country
Scale:
- 44: Egypt (cheapest)
- 100: Czech Republic
- 242: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 242 |
| 2nd | Switzerland | 223 |
| 3rd | Singapore | 197 |
| 4th | Netherlands | 181 |
| 5th | Hong Kong | 178 |
| 6th | United Kingdom | 177 |
| 7th | United States | 175 |
| 8th | Ireland | 172 |
| 9th | United Arab Emirates | 157 |
| 10th | Austria | 157 |
| … | … | … |
| … | … | … |
| … | … | … |
| 50th | Ukraine | 68 |
| 51st | Indonesia | 67 |
| 52nd | Bolivia | 60 |
| 53rd | Bangladesh | 52 |
| 54th | India | 49 |
| 55th | Paraguay | 47 |
| 56th | Egypt | 44 |
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 Slovakia is 8% cheaper than in Saudi Arabia
- Cost of living in Israel is 35% more expensive than in Czech Republic
- Cost of living in Paraguay is 56% cheaper than in Finland
- Cost of living in Hong Kong is 21% more expensive than in Canada
- Cost of living in Indonesia is 62% cheaper than in Hong Kong
- Cost of living in Estonia is 23% more expensive than in Finland
- Cost of living in Peru is 51% cheaper than in Canada
- Cost of living in Cayman Islands is 84% more expensive than in Germany
- Cost of living in Paraguay is 55% cheaper than in Portugal
- Cost of living in Ireland is 64% more expensive than in Greece