Cost of Living Index by Country
Scale:
- 45: Turkey (cheapest)
- 100: Czech Republic
- 263: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 263 |
| 2nd | Switzerland | 246 |
| 3rd | Hong Kong | 246 |
| 4th | Iceland | 214 |
| 5th | Singapore | 209 |
| 6th | Ireland | 194 |
| 7th | Norway | 190 |
| 8th | New Zealand | 186 |
| 9th | Luxembourg | 183 |
| 10th | Israel | 179 |
| … | … | … |
| … | … | … |
| … | … | … |
| 62nd | Egypt | 66 |
| 63rd | Azerbaijan | 65 |
| 64th | Colombia | 65 |
| 65th | Kazakhstan | 65 |
| 66th | Bolivia | 65 |
| 67th | India | 56 |
| 68th | Turkey | 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 Paraguay is 42% cheaper than in Oman
- Cost of living in Italy is 48% cheaper than in Hong Kong
- Cost of living in Morocco is 41% cheaper than in Italy
- Cost of living in Greece is 12% more expensive than in Chile
- Cost of living in Qatar is about the same as in Denmark
- Cost of living in Poland is 9% cheaper than in Chile
- Cost of living in Norway is about the same as in New Zealand
- Cost of living in Costa Rica is 38% cheaper than in Finland
- Cost of living in Cayman Islands is 60% more expensive than in United Kingdom
- Cost of living in Costa Rica is 11% cheaper than in Taiwan