Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bahamas 237
2nd Singapore 233
3rd Switzerland 219
4th Cayman Islands 219
5th Ireland 182
6th United States 178
7th Denmark 174
8th Australia 164
9th Norway 163
10th United Kingdom 160
11th Netherlands 159
12th Qatar 157
13th New Zealand 153
14th Canada 152
15th Israel 143
16th Finland 141
17th Germany 140
18th Belgium 140
19th United Arab Emirates 137
20th France 136
21st Macao 132
22nd Austria 132
23rd South Korea 131
24th Malta 129
25th Uruguay 126
26th Japan 119
27th Italy 118
28th Slovenia 116
29th Bahrain 110
30th Palestinian Territory 109
31st Panama 108
32nd Portugal 106
33rd Costa Rica 106
34th Croatia 105
35th Spain 105
36th Greece 103
37th Jordan 102
38th Taiwan 98
39th Slovakia 97
40th Mexico 95
41st China 93
42nd Chile 92
43rd El Salvador 89
44th Venezuela 88
45th Hungary 87
46th Mauritius 85
47th Thailand 85
48th Brazil 85
49th Guatemala 84
50th South Africa 83
51st Philippines 80
52nd Bulgaria 79
53rd Ecuador 79
54th Bosnia and Herzegovina 78
55th Indonesia 77
56th Romania 76
57th Fiji 75
58th Peru 74
59th Paraguay 74
60th Vietnam 73
61st Colombia 69
62nd Malaysia 68
63rd Russia 65
64th Bolivia 65
65th India 52

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:
  • 52: India (cheapest)
  • 100: Czech Republic
  • 237: Bahamas (most expensive)

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