Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 276: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 276 |
| 2nd | Switzerland | 234 |
| 3rd | Hong Kong | 215 |
| 4th | Bahamas | 215 |
| 5th | Ireland | 209 |
| 6th | Norway | 199 |
| 7th | Luxembourg | 188 |
| 8th | Singapore | 188 |
| 9th | Denmark | 186 |
| 10th | Netherlands | 184 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 65 |
| 69th | Turkey | 64 |
| 70th | Paraguay | 60 |
| 71st | Ukraine | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 57 |
| 74th | India | 57 |
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 South Africa is 44% cheaper than in United Arab Emirates
- Cost of living in Sweden is 104% more expensive than in Mexico
- Cost of living in Tunisia is 17% cheaper than in Mexico
- Cost of living in Norway is 8% cheaper than in Hong Kong
- Cost of living in Ecuador is 21% more expensive than in Colombia
- Cost of living in Cyprus is 12% cheaper than in Canada
- Cost of living in Uruguay is 22% more expensive than in Ecuador
- Cost of living in Netherlands is 128% more expensive than in Mexico
- Cost of living in Puerto Rico is 33% cheaper than in United Kingdom
- Cost of living in Malta is 14% cheaper than in Finland