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Cost of Living Index by Country

Scale:
  • 58: Tanzania (cheapest)
  • 100: Czech Republic
  • 287: Bermuda (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bermuda 287
2nd Hong Kong 253
3rd Cayman Islands 248
4th Switzerland 239
5th Bahamas 231
6th Ireland 202
7th United States 197
8th Denmark 196
9th Norway 195
10th Israel 188
70th Peru 78
71st Bolivia 72
72nd Paraguay 70
73rd Kosovo 64
74th Colombia 60
75th India 58
76th Tanzania 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.

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