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Cost of Living Index by Country

Scale:
  • 54: Egypt (cheapest)
  • 100: Czech Republic
  • 294: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 294
2nd Switzerland 260
3rd Singapore 233
4th United Kingdom 208
5th United States 200
6th Australia 184
7th Ireland 178
8th New Zealand 173
9th Norway 170
10th Canada 168
55th Indonesia 75
56th Paraguay 70
57th Bolivia 68
58th Russia 67
59th Bangladesh 62
60th India 60
61st Egypt 54
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.

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