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Cost of Living Index by Country

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 235: Bahamas (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Bahamas 235
2nd Singapore 234
3rd Switzerland 221
4th Cayman Islands 217
5th Ireland 182
6th United States 177
7th Denmark 174
8th Australia 164
9th Norway 161
10th United Kingdom 160
60th Paraguay 73
61st Vietnam 73
62nd Colombia 71
63rd Malaysia 67
64th Bolivia 65
65th Russia 64
66th India 51
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.

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