Cost of Living Index by Country
Scale:
- 56: Georgia (cheapest)
- 100: Czech Republic
- 274: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 274 |
| 2nd | Switzerland | 238 |
| 3rd | Hong Kong | 222 |
| 4th | Bahamas | 212 |
| 5th | Ireland | 208 |
| 6th | Norway | 204 |
| 7th | Luxembourg | 189 |
| 8th | Singapore | 187 |
| 9th | Australia | 186 |
| 10th | Netherlands | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Egypt | 67 |
| 70th | Azerbaijan | 63 |
| 71st | Paraguay | 60 |
| 72nd | Ukraine | 59 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 56 |
| 75th | Georgia | 56 |
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 New Zealand is 6% more expensive than in Finland
- Cost of living in Romania is 5% cheaper than in Indonesia
- Cost of living in Greece is 94% more expensive than in Argentina
- Cost of living in Poland is about the same as in Kenya
- Cost of living in Lithuania is 65% more expensive than in Colombia
- Cost of living in Romania is about the same as in Mexico
- Cost of living in Panama is 41% cheaper than in Luxembourg
- Cost of living in Panama is 21% more expensive than in Philippines
- Cost of living in Malta is 69% more expensive than in Malaysia
- Cost of living in Norway is 18% more expensive than in Japan