Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 278: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 278 |
| 2nd | Hong Kong | 230 |
| 3rd | Switzerland | 226 |
| 4th | Iceland | 223 |
| 5th | Bahamas | 213 |
| 6th | Norway | 207 |
| 7th | Singapore | 197 |
| 8th | Ireland | 196 |
| 9th | Denmark | 189 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 89th | Kazakhstan | 73 |
| 90th | Algeria | 72 |
| 91st | Tanzania | 70 |
| 92nd | Georgia | 69 |
| 93rd | Paraguay | 68 |
| 94th | Tunisia | 64 |
| 95th | India | 64 |
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 Vietnam is 58% cheaper than in Israel
- Cost of living in Romania is 56% cheaper than in United Kingdom
- Cost of living in Peru is 47% cheaper than in Lebanon
- Cost of living in Slovakia is 17% more expensive than in Guatemala
- Cost of living in Philippines is about the same as in Guatemala
- Cost of living in Romania is 22% cheaper than in China
- Cost of living in Bahrain is 29% cheaper than in Israel
- Cost of living in Uruguay is 24% cheaper than in Taiwan
- Cost of living in Uganda is 14% cheaper than in Poland
- Cost of living in Cyprus is 47% more expensive than in Botswana