Cost of Living Index by Country
Scale:
- 50: India (cheapest)
- 100: Czech Republic
- 219: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 219 |
2nd | Bahamas | 208 |
3rd | Singapore | 206 |
4th | Cayman Islands | 203 |
5th | Australia | 177 |
6th | Hong Kong | 171 |
7th | United States | 170 |
8th | Ireland | 169 |
9th | United Kingdom | 166 |
10th | Denmark | 165 |
… | … | … |
… | … | … |
… | … | … |
60th | Indonesia | 70 |
61st | Kenya | 69 |
62nd | Russia | 66 |
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 Luxembourg is 64% more expensive than in Chile
- Cost of living in Qatar is 93% more expensive than in Peru
- Cost of living in Guyana is 47% cheaper than in Sweden
- Cost of living in Norway is 161% more expensive than in Malaysia
- Cost of living in Sweden is about the same as in Canada
- Cost of living in Romania is 28% cheaper than in Croatia
- Cost of living in Panama is 13% cheaper than in Spain
- Cost of living in Russia is 22% cheaper than in Chile
- Cost of living in South Africa is 6% cheaper than in Thailand
- Cost of living in Vietnam is 26% more expensive than in India