Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 304
2nd Cayman Islands 295
3rd Switzerland 254
4th Bahamas 238
5th Hong Kong 235
6th Norway 210
7th Ireland 209
8th Denmark 200
9th Singapore 196
10th Israel 190
11th South Korea 189
12th Luxembourg 188
13th United Kingdom 187
14th Qatar 186
15th New Zealand 185
16th Netherlands 183
17th United States 181
18th United Arab Emirates 176
19th Australia 176
20th France 175
21st Finland 169
22nd Lebanon 169
23rd Japan 167
24th Sweden 165
25th Germany 162
26th Canada 161
27th Belgium 156
28th Taiwan 153
29th Malta 148
30th Austria 145
31st Italy 144
32nd Cyprus 139
33rd Puerto Rico 134
34th Spain 133
35th Bahrain 132
36th Slovenia 129
37th Jordan 125
38th Portugal 123
39th Greece 122
40th Estonia 122
41st Panama 120
42nd Latvia 119
43rd Costa Rica 117
44th Mauritius 115
45th Botswana 113
46th Croatia 111
47th Thailand 111
48th Uruguay 109
49th Slovakia 108
50th Lithuania 106
51st Czech Republic 100
52nd Chile 99
53rd Philippines 99
54th China 97
55th Hungary 95
56th Ecuador 95
57th Indonesia 92
58th Kenya 92
59th Poland 91
60th Malaysia 90
61st Guatemala 90
62nd South Africa 89
63rd Albania 87
64th Bolivia 86
65th Bulgaria 86
66th Russia 85
67th Serbia 84
68th Romania 82
69th Dominican Republic 81
70th Morocco 80
71st Peru 80
72nd Brazil 80
73rd Egypt 78
74th Mexico 76
75th Colombia 73
76th Turkey 73
77th Azerbaijan 72
78th Ukraine 71
79th Tanzania 69
80th Paraguay 68
81st Kazakhstan 68
82nd Georgia 66
83rd Tunisia 66
84th India 61

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:
  • 61: India (cheapest)
  • 100: Czech Republic
  • 304: Bermuda (most expensive)