Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Switzerland | 229 |
| 3rd | Hong Kong | 223 |
| 4th | Bahamas | 212 |
| 5th | Ireland | 206 |
| 6th | Norway | 206 |
| 7th | Singapore | 192 |
| 8th | Denmark | 188 |
| 9th | Australia | 187 |
| 10th | Luxembourg | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 66 |
| 72nd | Paraguay | 64 |
| 73rd | Azerbaijan | 61 |
| 74th | Ukraine | 60 |
| 75th | Kazakhstan | 60 |
| 76th | Georgia | 57 |
| 77th | India | 56 |
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 Hungary is 16% more expensive than in Bangladesh
- Cost of living in Serbia is 25% cheaper than in Jordan
- Cost of living in Netherlands is 202% more expensive than in Azerbaijan
- Cost of living in Romania is 32% cheaper than in Portugal
- Cost of living in Russia is 19% cheaper than in Poland
- Cost of living in Uruguay is 5% more expensive than in Cuba
- Cost of living in Uruguay is 44% cheaper than in Denmark
- Cost of living in Singapore is 7% cheaper than in Ireland
- Cost of living in Bermuda is 89% more expensive than in South Korea
- Cost of living in Portugal is 32% cheaper than in Israel