Cost of Living Index by Country
Scale:
- 50: India (cheapest)
- 100: Czech Republic
- 220: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 220 |
2nd | Bahamas | 209 |
3rd | Singapore | 207 |
4th | Cayman Islands | 205 |
5th | Australia | 177 |
6th | Hong Kong | 172 |
7th | United States | 171 |
8th | Ireland | 169 |
9th | United Kingdom | 167 |
10th | Denmark | 166 |
… | … | … |
… | … | … |
… | … | … |
60th | Indonesia | 70 |
61st | Kenya | 69 |
62nd | Russia | 68 |
63rd | Vietnam | 63 |
64th | Bolivia | 62 |
65th | Malaysia | 60 |
66th | India | 50 |
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 Portugal is 32% cheaper than in Norway
- Cost of living in Guatemala is 38% cheaper than in Finland
- Cost of living in Macao is 19% more expensive than in Croatia
- Cost of living in Palestinian Territory is 9% more expensive than in Poland
- Cost of living in Finland is 87% more expensive than in Ecuador
- Cost of living in United Kingdom is 18% more expensive than in United Arab Emirates
- Cost of living in South Africa is 52% cheaper than in Norway
- Cost of living in Romania is 27% cheaper than in Jordan
- Cost of living in Israel is 64% more expensive than in China
- Cost of living in Luxembourg is 67% more expensive than in Hungary