Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 295: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 295 |
| 2nd | Cayman Islands | 282 |
| 3rd | Hong Kong | 228 |
| 4th | Switzerland | 223 |
| 5th | Iceland | 218 |
| 6th | Bahamas | 216 |
| 7th | Norway | 205 |
| 8th | Ireland | 195 |
| 9th | Singapore | 191 |
| 10th | Denmark | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 88th | Kazakhstan | 74 |
| 89th | Azerbaijan | 73 |
| 90th | Tanzania | 70 |
| 91st | Georgia | 70 |
| 92nd | Paraguay | 68 |
| 93rd | Tunisia | 64 |
| 94th | India | 64 |
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 Albania is 9% cheaper than in Kenya
- Cost of living in Latvia is 28% cheaper than in Germany
- Cost of living in Bermuda is 278% more expensive than in Vietnam
- Cost of living in El Salvador is 40% cheaper than in Australia
- Cost of living in Peru is about the same as in Dominican Republic
- Cost of living in Morocco is 38% cheaper than in Italy
- Cost of living in Palestinian Territory is 27% more expensive than in Uruguay
- Cost of living in Bahamas is 11% more expensive than in Ireland
- Cost of living in Uganda is 5% cheaper than in Serbia
- Cost of living in Taiwan is 84% more expensive than in Dominican Republic