Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 264: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 264 |
| 2nd | Switzerland | 234 |
| 3rd | Hong Kong | 227 |
| 4th | Bahamas | 223 |
| 5th | Iceland | 220 |
| 6th | Ireland | 206 |
| 7th | Singapore | 196 |
| 8th | Norway | 195 |
| 9th | Qatar | 188 |
| 10th | New Zealand | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Egypt | 65 |
| 69th | Peru | 65 |
| 70th | Azerbaijan | 65 |
| 71st | Turkey | 65 |
| 72nd | Tunisia | 63 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 56 |
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 South Africa is 38% more expensive than in Vietnam
- Cost of living in Bahamas is 233% more expensive than in Argentina
- Cost of living in Canada is 125% more expensive than in Argentina
- Cost of living in France is 45% more expensive than in Cuba
- Cost of living in Japan is 36% more expensive than in Greece
- Cost of living in Qatar is 82% more expensive than in South Africa
- Cost of living in Cyprus is about the same as in Belgium
- Cost of living in United States is about the same as in Netherlands
- Cost of living in Norway is 27% more expensive than in Austria
- Cost of living in Malaysia is about the same as in Ecuador