Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 285: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 285 |
| 2nd | Cayman Islands | 257 |
| 3rd | Switzerland | 230 |
| 4th | Iceland | 225 |
| 5th | Hong Kong | 225 |
| 6th | Ireland | 212 |
| 7th | Bahamas | 208 |
| 8th | Norway | 206 |
| 9th | Singapore | 194 |
| 10th | Qatar | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Tunisia | 64 |
| 75th | Turkey | 61 |
| 76th | Ukraine | 61 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 58 |
| 79th | India | 55 |
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 Russia is 64% cheaper than in Denmark
- Cost of living in India is 35% cheaper than in Guatemala
- Cost of living in Singapore is 197% more expensive than in Colombia
- Cost of living in Cayman Islands is 33% more expensive than in Singapore
- Cost of living in Azerbaijan is 58% cheaper than in United Arab Emirates
- Cost of living in Norway is 12% more expensive than in Australia
- Cost of living in Bahamas is 34% more expensive than in Canada
- Cost of living in Qatar is 87% more expensive than in South Africa
- Cost of living in Colombia is 15% cheaper than in Bulgaria
- Cost of living in Norway is 27% more expensive than in Austria