Cost of Living Index by Country
Scale:
- 45: Turkey (cheapest)
- 100: Czech Republic
- 263: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 263 |
| 2nd | Switzerland | 247 |
| 3rd | Hong Kong | 246 |
| 4th | Iceland | 213 |
| 5th | Singapore | 209 |
| 6th | Ireland | 195 |
| 7th | Norway | 192 |
| 8th | New Zealand | 189 |
| 9th | Luxembourg | 185 |
| 10th | Israel | 181 |
| … | … | … |
| … | … | … |
| … | … | … |
| 62nd | Kazakhstan | 67 |
| 63rd | Egypt | 67 |
| 64th | Bolivia | 65 |
| 65th | Azerbaijan | 65 |
| 66th | Colombia | 64 |
| 67th | India | 56 |
| 68th | Turkey | 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 Russia is 7% more expensive than in Paraguay
- Cost of living in South Africa is 35% more expensive than in Ukraine
- Cost of living in Japan is about the same as in Finland
- Cost of living in Venezuela is 14% cheaper than in Jordan
- Cost of living in Spain is 22% cheaper than in Germany
- Cost of living in Latvia is 25% cheaper than in Germany
- Cost of living in Czech Republic is 30% cheaper than in United Arab Emirates
- Cost of living in Mexico is 6% cheaper than in Hungary
- Cost of living in Croatia is 29% cheaper than in Germany
- Cost of living in Singapore is 213% more expensive than in Kazakhstan