Cost of Living Index by Country
Scale:
- 50: Turkey (cheapest)
- 100: Czech Republic
- 276: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 276 |
| 2nd | Hong Kong | 255 |
| 3rd | Switzerland | 248 |
| 4th | Iceland | 225 |
| 5th | Singapore | 216 |
| 6th | Ireland | 204 |
| 7th | Luxembourg | 195 |
| 8th | Norway | 194 |
| 9th | Israel | 186 |
| 10th | Australia | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 60th | Kazakhstan | 70 |
| 61st | Peru | 69 |
| 62nd | Azerbaijan | 68 |
| 63rd | Egypt | 68 |
| 64th | Colombia | 67 |
| 65th | India | 58 |
| 66th | Turkey | 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 Poland is 58% cheaper than in Ireland
- Cost of living in Turkey is 25% cheaper than in Colombia
- Cost of living in Israel is 109% more expensive than in Hungary
- Cost of living in Malaysia is about the same as in Ecuador
- Cost of living in Norway is 7% more expensive than in Denmark
- Cost of living in Indonesia is 13% cheaper than in Chile
- Cost of living in Kenya is 25% more expensive than in Egypt
- Cost of living in Switzerland is 148% more expensive than in Czech Republic
- Cost of living in Panama is 29% more expensive than in Czech Republic
- Cost of living in Taiwan is 30% cheaper than in United Kingdom