Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Cayman Islands | 283 |
| 3rd | Hong Kong | 228 |
| 4th | Switzerland | 224 |
| 5th | Iceland | 218 |
| 6th | Bahamas | 217 |
| 7th | Norway | 205 |
| 8th | Ireland | 197 |
| 9th | Singapore | 191 |
| 10th | Denmark | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 87th | Moldova | 74 |
| 88th | Azerbaijan | 73 |
| 89th | Georgia | 71 |
| 90th | Tanzania | 70 |
| 91st | Paraguay | 68 |
| 92nd | Tunisia | 64 |
| 93rd | India | 64 |
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 Spain is 35% more expensive than in Brazil
- Cost of living in Finland is 14% cheaper than in Denmark
- Cost of living in El Salvador is 6% cheaper than in Croatia
- Cost of living in Qatar is about the same as in United Kingdom
- Cost of living in Croatia is 53% cheaper than in Hong Kong
- Cost of living in Iceland is 106% more expensive than in Latvia
- Cost of living in Jamaica is 36% cheaper than in Ireland
- Cost of living in Paraguay is 25% cheaper than in Hungary
- Cost of living in Estonia is 25% more expensive than in Poland
- Cost of living in New Zealand is 9% more expensive than in Lebanon