Cost of Living Index by Country
Scale:
- 50: Egypt (cheapest)
- 100: Czech Republic
- 279: Cayman Islands (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Cayman Islands | 279 |
2nd | Switzerland | 246 |
3rd | Singapore | 223 |
4th | Ireland | 197 |
5th | United Kingdom | 197 |
6th | United States | 189 |
7th | Australia | 174 |
8th | New Zealand | 166 |
9th | Norway | 165 |
10th | Canada | 162 |
… | … | … |
… | … | … |
… | … | … |
54th | Indonesia | 71 |
55th | Russia | 71 |
56th | Bolivia | 66 |
57th | Paraguay | 64 |
58th | Bangladesh | 59 |
59th | India | 58 |
60th | Egypt | 50 |
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 Malta is 35% cheaper than in United Kingdom
- Cost of living in Serbia is 16% cheaper than in Portugal
- Cost of living in Philippines is 38% more expensive than in Indonesia
- Cost of living in Saudi Arabia is 95% more expensive than in Paraguay
- Cost of living in Finland is 93% more expensive than in Colombia
- Cost of living in Slovakia is 20% more expensive than in Serbia
- Cost of living in Italy is 98% more expensive than in Bolivia
- Cost of living in Switzerland is 165% more expensive than in China
- Cost of living in Palestinian Territory is 5% cheaper than in Austria
- Cost of living in Paraguay is 15% cheaper than in Malaysia