Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 304
2nd Cayman Islands 295
3rd Switzerland 253
4th Hong Kong 234
5th Bahamas 232
6th Ireland 208
7th Norway 208
8th Denmark 200
9th Singapore 199
10th Israel 190
11th Luxembourg 188
12th United Kingdom 185
13th New Zealand 184
14th Netherlands 183
15th United States 182
16th Qatar 179
17th United Arab Emirates 177
18th France 175
19th Australia 174
20th South Korea 174
21st Finland 169
22nd Lebanon 168
23rd Japan 166
24th Sweden 163
25th Germany 162
26th Canada 161
27th Belgium 156
28th Taiwan 154
29th Malta 147
30th Austria 145
31st Italy 144
32nd Cyprus 140
33rd Puerto Rico 133
34th Spain 133
35th Bahrain 133
36th Slovenia 128
37th Jordan 125
38th Portugal 122
39th Greece 122
40th Estonia 121
41st Panama 121
42nd Latvia 119
43rd Costa Rica 117
44th Mauritius 115
45th Uruguay 113
46th Botswana 112
47th Croatia 110
48th Thailand 110
49th Slovakia 109
50th Lithuania 107
51st Czech Republic 100
52nd Philippines 98
53rd Chile 98
54th China 96
55th Ecuador 95
56th Hungary 94
57th Kenya 93
58th Poland 91
59th Indonesia 90
60th Guatemala 89
61st Malaysia 89
62nd South Africa 89
63rd Albania 86
64th Bolivia 86
65th Bulgaria 86
66th Russia 85
67th Serbia 84
68th Romania 82
69th Bosnia and Herzegovina 81
70th Dominican Republic 81
71st Morocco 80
72nd Peru 80
73rd Brazil 80
74th Egypt 77
75th Mexico 76
76th Turkey 73
77th Azerbaijan 72
78th Colombia 72
79th Tanzania 71
80th Ukraine 71
81st Kazakhstan 69
82nd Paraguay 69
83rd Georgia 66
84th Tunisia 66
85th India 61

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.

Cost of Living Map

Scale:
  • 61: India (cheapest)
  • 100: Czech Republic
  • 304: Bermuda (most expensive)