Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Switzerland | 231 |
| 3rd | Hong Kong | 223 |
| 4th | Bahamas | 211 |
| 5th | Ireland | 206 |
| 6th | Norway | 202 |
| 7th | Singapore | 192 |
| 8th | Denmark | 188 |
| 9th | Luxembourg | 186 |
| 10th | Australia | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 67 |
| 72nd | Paraguay | 63 |
| 73rd | Azerbaijan | 61 |
| 74th | Kazakhstan | 60 |
| 75th | Ukraine | 60 |
| 76th | Georgia | 57 |
| 77th | 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 Uruguay is 54% more expensive than in Russia
- Cost of living in El Salvador is 25% more expensive than in Peru
- Cost of living in Germany is 99% more expensive than in Bangladesh
- Cost of living in Sweden is 136% more expensive than in Colombia
- Cost of living in Greece is 49% more expensive than in Bulgaria
- Cost of living in Ukraine is about the same as in Argentina
- Cost of living in Bahamas is 248% more expensive than in Argentina
- Cost of living in Puerto Rico is 20% cheaper than in Germany
- Cost of living in Mexico is 50% cheaper than in Germany
- Cost of living in Philippines is 44% cheaper than in South Korea