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Cost of Living Index by Country

Scale:
  • 50: India (cheapest)
  • 100: Czech Republic
  • 223: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 223
2nd Cayman Islands 198
3rd Singapore 193
4th Hong Kong 172
5th Australia 171
6th Ireland 164
7th United States 163
8th United Kingdom 158
9th New Zealand 158
10th Norway 154
57th Bosnia and Herzegovina 69
58th Russia 69
59th Colombia 68
60th Indonesia 65
61st Bolivia 60
62nd Malaysia 57
63rd India 50
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.

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