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Cost of Living Index by Country

Scale:
  • 44: Egypt (cheapest)
  • 100: Czech Republic
  • 240: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 240
2nd Hong Kong 204
3rd Switzerland 203
4th Cayman Islands 200
5th Bahamas 192
6th Ireland 181
7th United States 167
8th Denmark 165
9th Israel 164
10th Norway 162
64th Peru 64
65th Bolivia 61
66th Paraguay 58
67th Colombia 56
68th Kosovo 56
69th India 49
70th 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.

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