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 South Africa is 14% cheaper than in Guatemala
- Cost of living in Peru is 45% more expensive than in India
- Cost of living in El Salvador is 20% cheaper than in Spain
- Cost of living in Bahamas is 26% more expensive than in Denmark
- Cost of living in Cayman Islands is 229% more expensive than in Bolivia
- Cost of living in United Kingdom is 13% more expensive than in Canada
- Cost of living in Malta is 28% more expensive than in Poland
- Cost of living in Poland is 46% cheaper than in Australia
- Cost of living in Slovenia is 29% more expensive than in China
- Cost of living in Czech Republic is 62% more expensive than in Bolivia