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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.

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