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 | 208 |
| 6th | Norway | 199 |
| 7th | Singapore | 188 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 185 |
| 10th | Netherlands | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 64 |
| 70th | Paraguay | 60 |
| 71st | Ukraine | 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 Mexico is about the same as in Morocco
- Cost of living in Paraguay is 8% cheaper than in Azerbaijan
- Cost of living in Bermuda is 75% more expensive than in South Korea
- Cost of living in Malta is about the same as in Italy
- Cost of living in Italy is 17% cheaper than in Finland
- Cost of living in Switzerland is 41% more expensive than in Sweden
- Cost of living in Bahrain is 26% cheaper than in Sweden
- Cost of living in Peru is 37% cheaper than in Greece
- Cost of living in Puerto Rico is 11% cheaper than in Italy
- Cost of living in Bahrain is 111% more expensive than in Georgia