Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 278: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 278 |
| 2nd | Switzerland | 232 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 217 |
| 5th | Ireland | 207 |
| 6th | Norway | 199 |
| 7th | Singapore | 189 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 184 |
| 10th | United Kingdom | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 63 |
| 70th | Ukraine | 60 |
| 71st | Paraguay | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 58 |
| 74th | India | 57 |
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 Hong Kong is 18% more expensive than in Denmark
- Cost of living in United States is 116% more expensive than in Morocco
- Cost of living in Kenya is 39% more expensive than in Argentina
- Cost of living in Thailand is 39% more expensive than in Brazil
- Cost of living in Germany is 123% more expensive than in Colombia
- Cost of living in Portugal is 17% more expensive than in Philippines
- Cost of living in Bolivia is 52% cheaper than in Belgium
- Cost of living in Russia is 65% cheaper than in Norway
- Cost of living in Cyprus is 6% more expensive than in Estonia
- Cost of living in Malaysia is 4% more expensive than in Guatemala