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.
Other Country Comparisons
- Cost of living in Fiji is about the same as in Philippines
- Cost of living in Argentina is 51% cheaper than in United Arab Emirates
- Cost of living in Serbia is 6% more expensive than in Poland
- Cost of living in Cayman Islands is 55% more expensive than in Luxembourg
- Cost of living in Tanzania is 66% cheaper than in Netherlands
- Cost of living in Cambodia is 32% cheaper than in France
- Cost of living in Russia is about the same as in Spain
- Cost of living in South Africa is 24% cheaper than in Spain
- Cost of living in Japan is 21% cheaper than in Denmark
- Cost of living in Switzerland is 312% more expensive than in Tanzania