Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 285: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 285 |
| 2nd | Cayman Islands | 257 |
| 3rd | Switzerland | 230 |
| 4th | Iceland | 225 |
| 5th | Hong Kong | 225 |
| 6th | Ireland | 212 |
| 7th | Bahamas | 208 |
| 8th | Norway | 206 |
| 9th | Singapore | 194 |
| 10th | Qatar | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Tunisia | 64 |
| 75th | Turkey | 61 |
| 76th | Ukraine | 61 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 58 |
| 79th | India | 55 |
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 Canada is 106% more expensive than in Bangladesh
- Cost of living in Saudi Arabia is 51% more expensive than in Azerbaijan
- Cost of living in Tunisia is 28% cheaper than in Thailand
- Cost of living in Israel is 5% more expensive than in Austria
- Cost of living in Tunisia is 19% cheaper than in Serbia
- Cost of living in Panama is 41% more expensive than in Kenya
- Cost of living in Bolivia is 62% cheaper than in Australia
- Cost of living in Iceland is 21% more expensive than in Luxembourg
- Cost of living in Norway is 21% more expensive than in Israel
- Cost of living in Israel is 126% more expensive than in Bangladesh