Cost of Living Index by Country
Scale:
- 48: Egypt (cheapest)
- 100: Czech Republic
- 230: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 230 |
| 2nd | Switzerland | 228 |
| 3rd | Singapore | 205 |
| 4th | United Kingdom | 178 |
| 5th | Hong Kong | 174 |
| 6th | United States | 171 |
| 7th | Australia | 170 |
| 8th | Netherlands | 165 |
| 9th | New Zealand | 160 |
| 10th | Ireland | 158 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Colombia | 66 |
| 61st | Russia | 63 |
| 62nd | Paraguay | 62 |
| 63rd | Bolivia | 59 |
| 64th | Bangladesh | 58 |
| 65th | India | 52 |
| 66th | Egypt | 48 |
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 Venezuela is 45% more expensive than in Paraguay
- Cost of living in Spain is 4% more expensive than in Czech Republic
- Cost of living in Chile is 42% cheaper than in Canada
- Cost of living in Peru is 12% cheaper than in Mexico
- Cost of living in Germany is 124% more expensive than in Bolivia
- Cost of living in New Zealand is 13% more expensive than in France
- Cost of living in Hungary is about the same as in Chile
- Cost of living in Malta is 11% cheaper than in Belgium
- Cost of living in Canada is 111% more expensive than in Brazil
- Cost of living in Panama is 8% more expensive than in Hungary