Cost of Living Index by Country
Scale:
- 55: India (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 | 236 |
| 3rd | Iceland | 229 |
| 4th | Bahamas | 224 |
| 5th | Hong Kong | 223 |
| 6th | Ireland | 212 |
| 7th | Singapore | 194 |
| 8th | Norway | 193 |
| 9th | Luxembourg | 192 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Tunisia | 64 |
| 70th | Paraguay | 64 |
| 71st | Turkey | 63 |
| 72nd | Egypt | 63 |
| 73rd | Azerbaijan | 61 |
| 74th | Kazakhstan | 60 |
| 75th | India | 55 |
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 Slovenia is 27% more expensive than in Costa Rica
- Cost of living in Kenya is 12% cheaper than in Chile
- Cost of living in Hungary is 47% cheaper than in Finland
- Cost of living in Hungary is 13% more expensive than in Dominican Republic
- Cost of living in Panama is 72% more expensive than in Russia
- Cost of living in Luxembourg is 194% more expensive than in Ukraine
- Cost of living in Luxembourg is 247% more expensive than in India
- Cost of living in Turkey is 67% cheaper than in Singapore
- Cost of living in Paraguay is 45% cheaper than in Portugal
- Cost of living in Qatar is 56% more expensive than in Bahrain