Cost of Living Ranking by Country
| Ranking | Country | Price Index * |
|---|---|---|
| 1st | Cayman Islands | 249 |
| 2nd | Switzerland | 225 |
| 3rd | Singapore | 207 |
| 4th | Ireland | 191 |
| 5th | United States | 181 |
| 6th | United Kingdom | 180 |
| 7th | Netherlands | 174 |
| 8th | Hong Kong | 170 |
| 9th | United Arab Emirates | 158 |
| 10th | Australia | 156 |
| 11th | Canada | 151 |
| 12th | Belgium | 148 |
| 13th | New Zealand | 144 |
| 14th | Israel | 141 |
| 15th | Austria | 140 |
| 16th | France | 135 |
| 17th | Germany | 131 |
| 18th | Malta | 126 |
| 19th | Italy | 122 |
| 20th | Estonia | 121 |
| 21st | South Korea | 118 |
| 22nd | Uruguay | 118 |
| 23rd | Croatia | 116 |
| 24th | Japan | 115 |
| 25th | Slovenia | 113 |
| 26th | Saudi Arabia | 113 |
| 27th | Spain | 111 |
| 28th | Costa Rica | 106 |
| 29th | Greece | 106 |
| 30th | Portugal | 103 |
| 31st | Slovakia | 102 |
| 32nd | Finland | 101 |
| 33rd | Czech Republic | 100 |
| 34th | Philippines | 91 |
| 35th | Lithuania | 91 |
| 36th | Guyana | 90 |
| 37th | Venezuela | 89 |
| 38th | Turkey | 87 |
| 39th | Bulgaria | 86 |
| 40th | Chile | 85 |
| 41st | Hungary | 84 |
| 42nd | Serbia | 84 |
| 43rd | Mexico | 83 |
| 44th | South Africa | 82 |
| 45th | Romania | 80 |
| 46th | China | 80 |
| 47th | Ecuador | 76 |
| 48th | Bosnia and Herzegovina | 75 |
| 49th | Brazil | 72 |
| 50th | Russia | 72 |
| 51st | Ukraine | 71 |
| 52nd | Malaysia | 70 |
| 53rd | Peru | 69 |
| 54th | Colombia | 68 |
| 55th | Bolivia | 66 |
| 56th | Indonesia | 62 |
| 57th | Bangladesh | 54 |
| 58th | India | 53 |
| 59th | Egypt | 46 |
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.