Cost of Living Index by Country
Scale:
- 66: India (cheapest)
- 100: Czech Republic
- 334: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 334 |
| 2nd | Cayman Islands | 327 |
| 3rd | Switzerland | 269 |
| 4th | Hong Kong | 262 |
| 5th | Bahamas | 246 |
| 6th | Ireland | 224 |
| 7th | Iceland | 218 |
| 8th | Singapore | 215 |
| 9th | Denmark | 213 |
| 10th | Norway | 206 |
| … | … | … |
| … | … | … |
| … | … | … |
| 84th | Paraguay | 76 |
| 85th | Mexico | 75 |
| 86th | Colombia | 73 |
| 87th | Kazakhstan | 72 |
| 88th | Georgia | 71 |
| 89th | Tunisia | 69 |
| 90th | India | 66 |
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 Lebanon is 19% more expensive than in Italy
- Cost of living in Tanzania is 21% cheaper than in Guatemala
- Cost of living in Thailand is 26% cheaper than in Italy
- Cost of living in Mauritius is about the same as in Malta
- Cost of living in Russia is about the same as in Romania
- Cost of living in Portugal is 23% more expensive than in Ecuador
- Cost of living in Jordan is 87% more expensive than in Argentina
- Cost of living in Qatar is 20% more expensive than in Germany
- Cost of living in Bahamas is 13% more expensive than in Iceland
- Cost of living in Mauritius is 20% cheaper than in Netherlands