Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 291
2nd Switzerland 230
3rd Hong Kong 219
4th Bahamas 208
5th Ireland 204
6th Norway 203
7th Singapore 189
8th Australia 187
9th Luxembourg 184
10th Netherlands 182
11th Denmark 181
12th Qatar 180
13th United Kingdom 179
14th New Zealand 177
15th Finland 172
16th Israel 172
17th Japan 171
18th France 162
19th United States 160
20th Sweden 158
21st South Korea 156
22nd Germany 150
23rd Canada 149
24th Belgium 149
25th Austria 147
26th United Arab Emirates 144
27th Malta 139
28th Italy 132
29th Cyprus 130
30th Spain 125
31st Estonia 122
32nd Slovenia 122
33rd Puerto Rico 119
34th Portugal 117
35th Bahrain 117
36th Greece 115
37th Panama 112
38th Lithuania 110
39th Croatia 107
40th Uruguay 106
41st Jordan 103
42nd Czech Republic 100
43rd Chile 99
44th China 98
45th Thailand 94
46th Costa Rica 94
47th South Africa 93
48th Mauritius 93
49th Hungary 90
50th El Salvador 89
51st Kenya 87
52nd Poland 87
53rd Philippines 86
54th Guatemala 84
55th Malaysia 83
56th Indonesia 83
57th Ecuador 82
58th Serbia 79
59th Romania 78
60th Bulgaria 76
61st Mexico 75
62nd Bangladesh 75
63rd Peru 72
64th Dominican Republic 71
65th Turkey 70
66th Bolivia 70
67th Brazil 69
68th Russia 68
69th Colombia 66
70th Tunisia 66
71st Egypt 66
72nd Paraguay 62
73rd Azerbaijan 60
74th Kazakhstan 59
75th Ukraine 59
76th Georgia 56
77th India 55

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:
  • 55: India (cheapest)
  • 100: Czech Republic
  • 291: Bermuda (most expensive)