Cost of Living Index by Country
Scale:
- 45: Egypt (cheapest)
- 100: Czech Republic
- 242: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 242 |
| 2nd | Switzerland | 224 |
| 3rd | Singapore | 198 |
| 4th | Netherlands | 181 |
| 5th | United Kingdom | 178 |
| 6th | Hong Kong | 176 |
| 7th | United States | 175 |
| 8th | Ireland | 172 |
| 9th | United Arab Emirates | 157 |
| 10th | Austria | 157 |
| … | … | … |
| … | … | … |
| … | … | … |
| 49th | Ukraine | 69 |
| 50th | Indonesia | 68 |
| 51st | Bolivia | 61 |
| 52nd | Bangladesh | 52 |
| 53rd | India | 50 |
| 54th | Paraguay | 47 |
| 55th | Egypt | 45 |
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 Cayman Islands is 92% more expensive than in Malta
- Cost of living in Turkey is 7% more expensive than in Romania
- Cost of living in Peru is about the same as in Brazil
- Cost of living in Cayman Islands is 251% more expensive than in Ukraine
- Cost of living in Ukraine is 65% cheaper than in Singapore
- Cost of living in South Africa is 21% cheaper than in Finland
- Cost of living in Portugal is about the same as in Finland
- Cost of living in Saudi Arabia is 5% cheaper than in Croatia
- Cost of living in Serbia is 18% cheaper than in Czech Republic
- Cost of living in South Africa is 31% cheaper than in Italy