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.

Cost of Living Map

Scale:
  • 46: Egypt (cheapest)
  • 100: Czech Republic
  • 249: Cayman Islands (most expensive)

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