Cost of Living Ranking by Country

Ranking Country Price Index *
1st Switzerland 230
2nd Singapore 199
3rd Australia 178
4th Hong Kong 177
5th United States 167
6th Ireland 167
7th United Kingdom 166
8th New Zealand 161
9th Norway 159
10th Netherlands 150
11th Canada 149
12th Sweden 148
13th Finland 145
14th Israel 139
15th France 138
16th Luxembourg 137
17th Belgium 137
18th United Arab Emirates 136
19th Germany 132
20th Qatar 131
21st Italy 128
22nd Austria 127
23rd Macao 125
24th Uruguay 122
25th Malta 120
26th Slovenia 109
27th Estonia 108
28th Croatia 107
29th Portugal 106
30th Spain 102
31st Palestinian Territory 102
32nd Czech Republic 100
33rd Greece 99
34th Costa Rica 99
35th Poland 97
36th Slovakia 93
37th Panama 92
38th Lithuania 91
39th El Salvador 88
40th Chile 88
41st Mexico 87
42nd China 84
43rd Hungary 83
44th Ecuador 83
45th South Africa 81
46th Venezuela 81
47th Bulgaria 80
48th Guyana 79
49th Brazil 74
50th Fiji 74
51st Romania 74
52nd Bosnia and Herzegovina 70
53rd Peru 70
54th Russia 70
55th Colombia 67
56th Indonesia 65
57th Bolivia 62
58th Malaysia 59
59th India 51

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:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 230: Switzerland (most expensive)

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