Cost of Living Index by Country
Scale:
- 51: Egypt (cheapest)
- 100: Czech Republic
- 280: Cayman Islands (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Cayman Islands | 280 |
2nd | Switzerland | 245 |
3rd | Singapore | 223 |
4th | Ireland | 198 |
5th | United Kingdom | 196 |
6th | United States | 191 |
7th | Australia | 172 |
8th | New Zealand | 165 |
9th | Norway | 165 |
10th | Canada | 163 |
… | … | … |
… | … | … |
… | … | … |
55th | Indonesia | 71 |
56th | Russia | 69 |
57th | Bolivia | 66 |
58th | Paraguay | 65 |
59th | Bangladesh | 60 |
60th | India | 58 |
61st | Egypt | 51 |
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 Indonesia is 51% cheaper than in Austria
- Cost of living in Uruguay is about the same as in Italy
- Cost of living in Guyana is 57% cheaper than in Singapore
- Cost of living in Paraguay is 61% cheaper than in Norway
- Cost of living in Hungary is 22% cheaper than in Spain
- Cost of living in Spain is 31% more expensive than in Ecuador
- Cost of living in Israel is 100% more expensive than in Brazil
- Cost of living in Germany is 87% more expensive than in Colombia
- Cost of living in Canada is 13% more expensive than in Belgium
- Cost of living in Singapore is 238% more expensive than in Bolivia