Cost of Living Index by Country
Scale:
- 45: Egypt (cheapest)
- 100: Czech Republic
- 242: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 242 |
| 2nd | Switzerland | 204 |
| 3rd | Cayman Islands | 204 |
| 4th | Bahamas | 195 |
| 5th | Ireland | 179 |
| 6th | United States | 168 |
| 7th | Denmark | 166 |
| 8th | Australia | 163 |
| 9th | Israel | 162 |
| 10th | Norway | 161 |
| … | … | … |
| … | … | … |
| … | … | … |
| 63rd | Peru | 65 |
| 64th | Bolivia | 62 |
| 65th | Paraguay | 59 |
| 66th | Kosovo | 56 |
| 67th | Colombia | 56 |
| 68th | India | 50 |
| 69th | Egypt | 45 |
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.
Other Country Comparisons
- Cost of living in Poland is 7% cheaper than in Bosnia and Herzegovina
- Cost of living in Mauritius is 49% cheaper than in Norway
- Cost of living in South Africa is 53% cheaper than in Australia
- Cost of living in Kosovo is about the same as in Colombia
- Cost of living in Bulgaria is 37% more expensive than in Kosovo
- Cost of living in Ireland is 25% more expensive than in Finland
- Cost of living in Bermuda is 198% more expensive than in Poland
- Cost of living in India is 69% cheaper than in Israel
- Cost of living in Spain is 67% more expensive than in Bolivia
- Cost of living in Fiji is 14% cheaper than in Bosnia and Herzegovina