Cost of Living Index by Country
Scale:
- 51: India (cheapest)
- 100: Czech Republic
- 235: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 235 |
| 2nd | Singapore | 234 |
| 3rd | Switzerland | 221 |
| 4th | Cayman Islands | 217 |
| 5th | Ireland | 182 |
| 6th | United States | 177 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 161 |
| 10th | United Kingdom | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Paraguay | 73 |
| 61st | Vietnam | 73 |
| 62nd | Colombia | 71 |
| 63rd | Malaysia | 67 |
| 64th | Bolivia | 65 |
| 65th | Russia | 64 |
| 66th | India | 51 |
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 Thailand is 39% cheaper than in Belgium
- Cost of living in El Salvador is 24% more expensive than in Colombia
- Cost of living in Mauritius is 16% more expensive than in Paraguay
- Cost of living in Cayman Islands is 55% more expensive than in Belgium
- Cost of living in Malta is 92% more expensive than in Malaysia
- Cost of living in Austria is 24% cheaper than in Denmark
- Cost of living in Venezuela is 27% cheaper than in Italy
- Cost of living in Venezuela is 70% more expensive than in India
- Cost of living in Mexico is about the same as in Chile
- Cost of living in Panama is 51% cheaper than in Switzerland