Cost of Living Index by Country
Scale:
- 51: India (cheapest)
- 100: Czech Republic
- 223: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 223 |
2nd | Bahamas | 214 |
3rd | Singapore | 212 |
4th | Cayman Islands | 210 |
5th | Australia | 182 |
6th | Hong Kong | 178 |
7th | United States | 175 |
8th | Denmark | 173 |
9th | Ireland | 173 |
10th | United Kingdom | 171 |
… | … | … |
… | … | … |
… | … | … |
59th | Colombia | 72 |
60th | Indonesia | 72 |
61st | Russia | 69 |
62nd | Vietnam | 65 |
63rd | Bolivia | 63 |
64th | Malaysia | 62 |
65th | India | 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 South Africa is 27% cheaper than in Jordan
- Cost of living in Slovakia is 33% cheaper than in Belgium
- Cost of living in Cayman Islands is 115% more expensive than in Poland
- Cost of living in New Zealand is 24% more expensive than in Italy
- Cost of living in Romania is 27% cheaper than in Jordan
- Cost of living in Fiji is 60% cheaper than in Australia
- Cost of living in Romania is 42% cheaper than in Austria
- Cost of living in Costa Rica is 37% more expensive than in South Africa
- Cost of living in Costa Rica is 44% more expensive than in Colombia
- Cost of living in Kenya is 13% cheaper than in Chile