Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 237: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 237 |
| 2nd | Singapore | 233 |
| 3rd | Switzerland | 219 |
| 4th | Cayman Islands | 219 |
| 5th | Ireland | 182 |
| 6th | United States | 178 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 163 |
| 10th | United Kingdom | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Paraguay | 74 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 69 |
| 62nd | Malaysia | 68 |
| 63rd | Russia | 65 |
| 64th | Bolivia | 65 |
| 65th | India | 52 |
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 El Salvador is 16% cheaper than in Croatia
- Cost of living in Vietnam is 48% cheaper than in Germany
- Cost of living in Bahrain is 59% more expensive than in Colombia
- Cost of living in Panama is 22% more expensive than in El Salvador
- Cost of living in Slovenia is 29% cheaper than in Australia
- Cost of living in Peru is 7% cheaper than in Ecuador
- Cost of living in Malta is 8% cheaper than in Germany
- Cost of living in Palestinian Territory is 27% more expensive than in Brazil
- Cost of living in Ecuador is about the same as in Bosnia and Herzegovina
- Cost of living in Bahrain is 38% cheaper than in United States