Cost of Living Index by Country
Scale:
- 44: Egypt (cheapest)
- 100: Czech Republic
- 240: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 240 |
| 2nd | Hong Kong | 204 |
| 3rd | Switzerland | 203 |
| 4th | Cayman Islands | 200 |
| 5th | Bahamas | 192 |
| 6th | Ireland | 181 |
| 7th | United States | 167 |
| 8th | Denmark | 165 |
| 9th | Israel | 164 |
| 10th | Norway | 162 |
| … | … | … |
| … | … | … |
| … | … | … |
| 64th | Peru | 64 |
| 65th | Bolivia | 61 |
| 66th | Paraguay | 58 |
| 67th | Colombia | 56 |
| 68th | Kosovo | 56 |
| 69th | India | 49 |
| 70th | Egypt | 44 |
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 Paraguay is 28% cheaper than in Mexico
- Cost of living in Turkey is 26% cheaper than in Greece
- Cost of living in Italy is 14% more expensive than in Czech Republic
- Cost of living in Malaysia is 6% cheaper than in Ecuador
- Cost of living in Palestinian Territory is 20% cheaper than in Canada
- Cost of living in Estonia is 41% cheaper than in Israel
- Cost of living in Vietnam is 11% more expensive than in Turkey
- Cost of living in Vietnam is 41% cheaper than in Germany
- Cost of living in Ireland is 42% more expensive than in Austria
- Cost of living in Bahamas is 52% more expensive than in Malta