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Cost of Living Index by Country

Scale:
  • 54: India (cheapest)
  • 100: Czech Republic
  • 279: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 279
2nd Cayman Islands 254
3rd Switzerland 230
4th Iceland 228
5th Bahamas 221
6th Hong Kong 218
7th Ireland 209
8th Norway 198
9th Singapore 192
10th Luxembourg 190
74th Tunisia 63
75th Ukraine 62
76th Egypt 61
77th Turkey 61
78th Azerbaijan 60
79th Kazakhstan 57
80th India 54
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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