Cost of Living Index by Country
Scale:
- 60: India (cheapest)
- 100: Czech Republic
- 299: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 299 |
| 2nd | Cayman Islands | 280 |
| 3rd | Switzerland | 249 |
| 4th | Bahamas | 235 |
| 5th | Hong Kong | 233 |
| 6th | Ireland | 217 |
| 7th | Norway | 200 |
| 8th | Singapore | 197 |
| 9th | Qatar | 197 |
| 10th | Netherlands | 195 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Colombia | 69 |
| 74th | Turkey | 67 |
| 75th | Ukraine | 67 |
| 76th | Paraguay | 65 |
| 77th | Kazakhstan | 63 |
| 78th | Georgia | 63 |
| 79th | India | 60 |
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 Romania is 22% cheaper than in Lithuania
- Cost of living in Hungary is 16% cheaper than in Croatia
- Cost of living in Greece is 56% more expensive than in Dominican Republic
- Cost of living in Costa Rica is 25% more expensive than in South Africa
- Cost of living in France is 120% more expensive than in Dominican Republic
- Cost of living in Panama is 63% more expensive than in Russia
- Cost of living in Guatemala is 10% more expensive than in Dominican Republic
- Cost of living in Spain is 17% cheaper than in Belgium
- Cost of living in Singapore is 9% cheaper than in Ireland
- Cost of living in Italy is 8% more expensive than in Spain