Cost of Living Index by Country
Scale:
- 50: Egypt (cheapest)
- 100: Czech Republic
- 251: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 251 |
2nd | Singapore | 229 |
3rd | Hong Kong | 195 |
4th | Australia | 188 |
5th | United States | 187 |
6th | United Kingdom | 180 |
7th | Netherlands | 179 |
8th | Ireland | 178 |
9th | New Zealand | 172 |
10th | Norway | 166 |
… | … | … |
… | … | … |
… | … | … |
57th | Colombia | 68 |
58th | Russia | 66 |
59th | Paraguay | 64 |
60th | Bolivia | 63 |
61st | Bangladesh | 61 |
62nd | India | 54 |
63rd | Egypt | 50 |
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 Singapore is 60% more expensive than in Finland
- Cost of living in South Korea is 97% more expensive than in Colombia
- Cost of living in Ireland is 59% more expensive than in Spain
- Cost of living in Ireland is 20% more expensive than in France
- Cost of living in New Zealand is 82% more expensive than in Venezuela
- Cost of living in Lithuania is 67% more expensive than in Bangladesh
- Cost of living in Guyana is 33% more expensive than in Paraguay
- Cost of living in Slovakia is 30% cheaper than in France
- Cost of living in Greece is 23% cheaper than in Austria
- Cost of living in Japan is 97% more expensive than in Bangladesh