Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 272 |
| 3rd | Switzerland | 245 |
| 4th | Hong Kong | 227 |
| 5th | Bahamas | 227 |
| 6th | Ireland | 208 |
| 7th | Norway | 207 |
| 8th | Denmark | 197 |
| 9th | Luxembourg | 190 |
| 10th | Singapore | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 77th | Ukraine | 65 |
| 78th | Tanzania | 65 |
| 79th | Tunisia | 65 |
| 80th | Paraguay | 65 |
| 81st | Georgia | 63 |
| 82nd | Kazakhstan | 63 |
| 83rd | India | 58 |
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 Costa Rica is 28% cheaper than in Canada
- Cost of living in Egypt is 7% more expensive than in Azerbaijan
- Cost of living in Finland is 97% more expensive than in Bolivia
- Cost of living in Azerbaijan is 52% cheaper than in Austria
- Cost of living in Morocco is 50% cheaper than in Japan
- Cost of living in Turkey is about the same as in Colombia
- Cost of living in Uruguay is 53% cheaper than in Hong Kong
- Cost of living in Costa Rica is 92% more expensive than in India
- Cost of living in Bahamas is 252% more expensive than in Argentina
- Cost of living in Panama is 4% cheaper than in Jordan