Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 296
2nd Cayman Islands 282
3rd Hong Kong 228
4th Switzerland 223
5th Iceland 218
6th Bahamas 216
7th Norway 205
8th Ireland 195
9th Singapore 190
10th Denmark 189
11th Israel 185
12th Qatar 178
13th United Kingdom 177
14th New Zealand 176
15th United States 175
16th Luxembourg 173
17th United Arab Emirates 169
18th Netherlands 166
19th Australia 166
20th Japan 163
21st France 163
22nd Finland 162
23rd Lebanon 160
24th Canada 158
25th Sweden 156
26th Taiwan 155
27th Palestinian Territory 147
28th Germany 147
29th Mauritius 144
30th Belgium 144
31st South Korea 142
32nd Puerto Rico 139
33rd Austria 136
34th Italy 132
35th Bahrain 131
36th Malta 128
37th Cyprus 127
38th Trinidad and Tobago 127
39th Spain 125
40th Jamaica 124
41st Slovenia 122
42nd Jordan 119
43rd Costa Rica 117
44th Uruguay 117
45th Panama 115
46th Greece 114
47th Estonia 112
48th Portugal 111
49th Saudi Arabia 107
50th Thailand 106
51st Latvia 105
52nd Croatia 104
53rd Lithuania 102
54th Slovakia 101
55th Czech Republic 100
56th El Salvador 100
57th China 99
58th Botswana 97
59th Chile 96
60th South Africa 96
61st Brazil 94
62nd Kenya 94
63rd Ecuador 92
64th Russia 91
65th Malaysia 91
66th Guatemala 90
67th Poland 90
68th Hungary 90
69th Indonesia 88
70th Mexico 88
71st Philippines 86
72nd Albania 85
73rd Dominican Republic 84
74th Serbia 83
75th Peru 82
76th Morocco 81
77th Bolivia 81
78th Bulgaria 80
79th Ukraine 79
80th Uganda 79
81st Vietnam 78
82nd Colombia 77
83rd Turkey 77
84th Egypt 77
85th Romania 77
86th Nicaragua 77
87th Bosnia and Herzegovina 77
88th Moldova 74
89th Kazakhstan 74
90th Azerbaijan 72
91st Tanzania 70
92nd Georgia 70
93rd Paraguay 68
94th Tunisia 64
95th India 64

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:
  • 64: India (cheapest)
  • 100: Czech Republic
  • 296: Bermuda (most expensive)