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Cost of Living Index by Country

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 228: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 228
2nd United Kingdom 197
3rd Singapore 197
4th Hong Kong 174
5th Australia 169
6th Ireland 168
7th United States 168
8th Netherlands 163
9th New Zealand 159
10th Norway 156
55th Colombia 69
56th Peru 69
57th Indonesia 66
58th Russia 65
59th Bolivia 59
60th Malaysia 59
61st 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.

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