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The original source for International Cost-of-Living Comparisons
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  • 230 countries
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Cost of Living Index by Country

Scale:
  • 56: India (cheapest)
  • 100: Czech Republic
  • 301: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 301
2nd Switzerland 228
3rd Hong Kong 226
4th Bahamas 213
5th Norway 207
6th Ireland 206
7th Singapore 193
8th Denmark 188
9th Australia 187
10th Qatar 187
71st Colombia 67
72nd Paraguay 64
73rd Azerbaijan 62
74th Ukraine 61
75th Kazakhstan 60
76th Georgia 58
77th India 56
See the full Cost of Living Ranking by Country

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.