Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 290: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 290 |
| 2nd | Cayman Islands | 263 |
| 3rd | Switzerland | 231 |
| 4th | Hong Kong | 227 |
| 5th | Iceland | 226 |
| 6th | Ireland | 213 |
| 7th | Bahamas | 212 |
| 8th | Norway | 210 |
| 9th | Singapore | 197 |
| 10th | Qatar | 195 |
| … | … | … |
| … | … | … |
| … | … | … |
| 74th | Tunisia | 68 |
| 75th | Egypt | 66 |
| 76th | Turkey | 64 |
| 77th | Ukraine | 60 |
| 78th | Georgia | 60 |
| 79th | Kazakhstan | 59 |
| 80th | India | 55 |
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 Italy is 73% more expensive than in Bangladesh
- Cost of living in Mauritius is 17% more expensive than in Romania
- Cost of living in Switzerland is 83% more expensive than in Spain
- Cost of living in Costa Rica is 11% cheaper than in Jordan
- Cost of living in Mexico is 20% more expensive than in Colombia
- Cost of living in United States is 9% more expensive than in United Arab Emirates
- Cost of living in Cyprus is 42% cheaper than in Iceland
- Cost of living in Poland is about the same as in Hungary
- Cost of living in Hong Kong is 192% more expensive than in Bulgaria
- Cost of living in Turkey is 17% cheaper than in Bulgaria