Cost of Living Index by Country
Scale:
- 57: Georgia (cheapest)
- 100: Czech Republic
- 277: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 277 |
| 2nd | Switzerland | 238 |
| 3rd | Hong Kong | 222 |
| 4th | Bahamas | 214 |
| 5th | Ireland | 208 |
| 6th | Norway | 203 |
| 7th | Luxembourg | 189 |
| 8th | Singapore | 189 |
| 9th | United Kingdom | 187 |
| 10th | Australia | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Turkey | 67 |
| 70th | Azerbaijan | 64 |
| 71st | Paraguay | 61 |
| 72nd | Ukraine | 60 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 57 |
| 75th | Georgia | 57 |
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 Poland is 56% more expensive than in India
- Cost of living in United States is 143% more expensive than in Turkey
- Cost of living in Japan is 5% cheaper than in Israel
- Cost of living in Bahrain is 12% more expensive than in Uruguay
- Cost of living in Guatemala is 51% cheaper than in Finland
- Cost of living in Serbia is 40% more expensive than in India
- Cost of living in Japan is 141% more expensive than in Bolivia
- Cost of living in Malaysia is about the same as in Guatemala
- Cost of living in Paraguay is 63% cheaper than in France
- Cost of living in United States is 166% more expensive than in Argentina