Cost of Living Index by Country
Scale:
- 62: India (cheapest)
- 100: Czech Republic
- 300: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 300 |
| 2nd | Cayman Islands | 282 |
| 3rd | Switzerland | 255 |
| 4th | Bahamas | 236 |
| 5th | Hong Kong | 235 |
| 6th | Ireland | 219 |
| 7th | Norway | 207 |
| 8th | Singapore | 200 |
| 9th | Denmark | 200 |
| 10th | Qatar | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 72nd | Tanzania | 70 |
| 73rd | Turkey | 67 |
| 74th | Ukraine | 67 |
| 75th | Georgia | 65 |
| 76th | Paraguay | 65 |
| 77th | Kazakhstan | 64 |
| 78th | India | 62 |
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 108% more expensive than in Dominican Republic
- Cost of living in El Salvador is 42% more expensive than in Colombia
- Cost of living in Norway is 18% more expensive than in Finland
- Cost of living in New Zealand is 108% more expensive than in South Africa
- Cost of living in Israel is 47% more expensive than in Portugal
- Cost of living in Singapore is 118% more expensive than in Malaysia
- Cost of living in Spain is 57% more expensive than in Bulgaria
- Cost of living in Costa Rica is 18% cheaper than in Spain
- Cost of living in Thailand is 12% cheaper than in Latvia
- Cost of living in Egypt is 7% more expensive than in Azerbaijan