Cost of Living Index by Country
Scale:
- 54: Egypt (cheapest)
- 100: Czech Republic
- 294: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 294 |
| 2nd | Switzerland | 258 |
| 3rd | Singapore | 234 |
| 4th | United Kingdom | 206 |
| 5th | United States | 201 |
| 6th | Australia | 180 |
| 7th | Ireland | 177 |
| 8th | Norway | 172 |
| 9th | New Zealand | 172 |
| 10th | Israel | 168 |
| … | … | … |
| … | … | … |
| … | … | … |
| 55th | Indonesia | 75 |
| 56th | Paraguay | 70 |
| 57th | Bolivia | 69 |
| 58th | Russia | 67 |
| 59th | Bangladesh | 62 |
| 60th | India | 60 |
| 61st | Egypt | 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.
Other Country Comparisons
- Cost of living in Malaysia is 46% cheaper than in Finland
- Cost of living in United States is 61% more expensive than in Saudi Arabia
- Cost of living in New Zealand is 87% more expensive than in Bulgaria
- Cost of living in Croatia is 42% cheaper than in United Kingdom
- Cost of living in Ecuador is 48% more expensive than in Bangladesh
- Cost of living in United States is 112% more expensive than in Serbia
- Cost of living in South Korea is 5% cheaper than in Italy
- Cost of living in Guyana is about the same as in China
- Cost of living in India is 67% cheaper than in Australia
- Cost of living in Malta is 120% more expensive than in India