Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 302: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 302 |
| 2nd | Switzerland | 230 |
| 3rd | Hong Kong | 227 |
| 4th | Bahamas | 214 |
| 5th | Norway | 208 |
| 6th | Ireland | 207 |
| 7th | Singapore | 194 |
| 8th | Denmark | 189 |
| 9th | Australia | 188 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 70th | Egypt | 68 |
| 71st | Paraguay | 64 |
| 72nd | Azerbaijan | 62 |
| 73rd | Ukraine | 61 |
| 74th | Kazakhstan | 61 |
| 75th | Georgia | 58 |
| 76th | India | 57 |
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 Cyprus is 17% cheaper than in Sweden
- Cost of living in Uruguay is 30% cheaper than in Canada
- Cost of living in Colombia is 64% cheaper than in Australia
- Cost of living in Hungary is 53% more expensive than in Georgia
- Cost of living in New Zealand is 7% cheaper than in Singapore
- Cost of living in Philippines is 32% cheaper than in Italy
- Cost of living in Thailand is 42% cheaper than in France
- Cost of living in Costa Rica is 20% more expensive than in Romania
- Cost of living in Luxembourg is 174% more expensive than in Colombia
- Cost of living in Portugal is 35% cheaper than in Netherlands