Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 302: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 302 |
| 2nd | Cayman Islands | 279 |
| 3rd | Switzerland | 253 |
| 4th | Hong Kong | 235 |
| 5th | Bahamas | 235 |
| 6th | Ireland | 221 |
| 7th | Norway | 203 |
| 8th | Singapore | 201 |
| 9th | Qatar | 198 |
| 10th | Netherlands | 197 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 69 |
| 72nd | Ukraine | 66 |
| 73rd | Paraguay | 66 |
| 74th | Georgia | 64 |
| 75th | Turkey | 64 |
| 76th | Kazakhstan | 63 |
| 77th | India | 61 |
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 Bermuda is 128% more expensive than in Slovenia
- Cost of living in Norway is 14% more expensive than in Australia
- Cost of living in Malta is 61% more expensive than in Hungary
- Cost of living in Thailand is about the same as in Lithuania
- Cost of living in Serbia is 30% cheaper than in Latvia
- Cost of living in Finland is 153% more expensive than in Argentina
- Cost of living in Serbia is 45% cheaper than in Austria
- Cost of living in Portugal is 64% more expensive than in Egypt
- Cost of living in Bahamas is 139% more expensive than in El Salvador
- Cost of living in Israel is 22% more expensive than in Austria