Cost of Living Index by Country
Scale:
- 56: Georgia (cheapest)
- 100: Czech Republic
- 274: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 274 |
| 2nd | Switzerland | 235 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 211 |
| 5th | Ireland | 206 |
| 6th | Norway | 202 |
| 7th | Singapore | 187 |
| 8th | Luxembourg | 186 |
| 9th | Australia | 186 |
| 10th | United Kingdom | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Turkey | 67 |
| 70th | Azerbaijan | 64 |
| 71st | Paraguay | 60 |
| 72nd | Ukraine | 59 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 57 |
| 75th | Georgia | 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 Luxembourg is 164% more expensive than in Russia
- Cost of living in Bermuda is 228% more expensive than in Guatemala
- Cost of living in Greece is 39% more expensive than in Ecuador
- Cost of living in Turkey is 19% more expensive than in Georgia
- Cost of living in Hungary is 51% cheaper than in Denmark
- Cost of living in Norway is 135% more expensive than in Malaysia
- Cost of living in Luxembourg is 214% more expensive than in Ukraine
- Cost of living in Jordan is 69% more expensive than in Azerbaijan
- Cost of living in Tunisia is 56% cheaper than in Belgium
- Cost of living in Singapore is about the same as in Australia