Cost of Living Index by Country
Scale:
- 63: Turkey (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Iceland | 262 |
| 3rd | Cayman Islands | 254 |
| 4th | Switzerland | 242 |
| 5th | Hong Kong | 232 |
| 6th | Norway | 227 |
| 7th | Qatar | 208 |
| 8th | Ireland | 204 |
| 9th | Singapore | 200 |
| 10th | Denmark | 191 |
| … | … | … |
| … | … | … |
| … | … | … |
| 102nd | Azerbaijan | 71 |
| 103rd | Belarus | 71 |
| 104th | India | 71 |
| 105th | Egypt | 71 |
| 106th | Armenia | 68 |
| 107th | Ukraine | 66 |
| 108th | Turkey | 63 |
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 India is 53% cheaper than in Austria
- Cost of living in United States is 73% more expensive than in El Salvador
- Cost of living in Singapore is 64% more expensive than in Greece
- Cost of living in Portugal is 50% more expensive than in Morocco
- Cost of living in Albania is 8% cheaper than in Colombia
- Cost of living in Netherlands is 144% more expensive than in Kazakhstan
- Cost of living in Jordan is 82% more expensive than in India
- Cost of living in Cayman Islands is 153% more expensive than in Slovakia
- Cost of living in Fiji is 9% more expensive than in Tanzania
- Cost of living in Romania is 44% cheaper than in Italy