Cost of Living Index by Country
Scale:
- 55: 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 | 273 |
| 3rd | Singapore | 238 |
| 4th | United Kingdom | 214 |
| 5th | United States | 198 |
| 6th | Australia | 195 |
| 7th | Netherlands | 185 |
| 8th | Ireland | 184 |
| 9th | New Zealand | 182 |
| 10th | Norway | 176 |
| … | … | … |
| … | … | … |
| … | … | … |
| 56th | Colombia | 75 |
| 57th | Paraguay | 70 |
| 58th | Bolivia | 68 |
| 59th | Russia | 66 |
| 60th | Bangladesh | 63 |
| 61st | India | 59 |
| 62nd | Egypt | 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 Uruguay is 6% cheaper than in Macao
- Cost of living in New Zealand is 74% more expensive than in China
- Cost of living in Estonia is 10% more expensive than in Costa Rica
- Cost of living in India is 8% more expensive than in Egypt
- Cost of living in Belgium is 7% cheaper than in United Arab Emirates
- Cost of living in Palestinian Territory is 64% more expensive than in Bolivia
- Cost of living in Malaysia is 45% cheaper than in South Korea
- Cost of living in Estonia is 22% more expensive than in Slovakia
- Cost of living in Israel is 9% more expensive than in Sweden
- Cost of living in Romania is 29% cheaper than in Spain