Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 318: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 318 |
| 2nd | Cayman Islands | 309 |
| 3rd | Switzerland | 261 |
| 4th | Hong Kong | 251 |
| 5th | Bahamas | 235 |
| 6th | Ireland | 213 |
| 7th | Norway | 209 |
| 8th | Singapore | 204 |
| 9th | Denmark | 201 |
| 10th | Israel | 197 |
| … | … | … |
| … | … | … |
| … | … | … |
| 78th | Turkey | 75 |
| 79th | Colombia | 75 |
| 80th | Tanzania | 74 |
| 81st | Paraguay | 72 |
| 82nd | Kazakhstan | 69 |
| 83rd | Georgia | 67 |
| 84th | 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 Dominican Republic is 31% more expensive than in Argentina
- Cost of living in France is about the same as in Finland
- Cost of living in Russia is 39% cheaper than in Italy
- Cost of living in Tanzania is 29% more expensive than in Pakistan
- Cost of living in Sweden is 140% more expensive than in Kazakhstan
- Cost of living in Portugal is 41% more expensive than in Bolivia
- Cost of living in Qatar is 102% more expensive than in Hungary
- Cost of living in Netherlands is 95% more expensive than in Kenya
- Cost of living in Panama is 32% more expensive than in Guatemala
- Cost of living in Mexico is 46% cheaper than in Italy