Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Cayman Islands | 283 |
| 3rd | Hong Kong | 228 |
| 4th | Switzerland | 224 |
| 5th | Iceland | 218 |
| 6th | Bahamas | 217 |
| 7th | Norway | 205 |
| 8th | Ireland | 197 |
| 9th | Singapore | 191 |
| 10th | Denmark | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 87th | Moldova | 74 |
| 88th | Azerbaijan | 73 |
| 89th | Georgia | 71 |
| 90th | Tanzania | 70 |
| 91st | Paraguay | 68 |
| 92nd | Tunisia | 64 |
| 93rd | 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 Russia is 43% cheaper than in Japan
- Cost of living in El Salvador is 13% cheaper than in Greece
- Cost of living in Mexico is 17% more expensive than in Moldova
- Cost of living in El Salvador is 14% more expensive than in Indonesia
- Cost of living in Iceland is 142% more expensive than in Hungary
- Cost of living in Luxembourg is 10% more expensive than in Lebanon
- Cost of living in Qatar is 118% more expensive than in Bulgaria
- Cost of living in Costa Rica is 48% more expensive than in Egypt
- Cost of living in Malta is 27% more expensive than in Slovakia
- Cost of living in Tanzania is 23% cheaper than in Russia