Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 237: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 237 |
| 2nd | Singapore | 233 |
| 3rd | Switzerland | 219 |
| 4th | Cayman Islands | 219 |
| 5th | Ireland | 182 |
| 6th | United States | 178 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 163 |
| 10th | United Kingdom | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Paraguay | 74 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 69 |
| 62nd | Malaysia | 68 |
| 63rd | Russia | 65 |
| 64th | Bolivia | 65 |
| 65th | India | 52 |
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 Bahrain is 4% more expensive than in Costa Rica
- Cost of living in New Zealand is about the same as in Canada
- Cost of living in Mauritius is 7% more expensive than in Philippines
- Cost of living in Panama is 56% more expensive than in Colombia
- Cost of living in Indonesia is 25% cheaper than in Greece
- Cost of living in Brazil is 32% more expensive than in Bolivia
- Cost of living in Ecuador is 48% cheaper than in Canada
- Cost of living in United States is 27% more expensive than in Germany
- Cost of living in Panama is about the same as in Bahrain
- Cost of living in Bulgaria is 27% cheaper than in Palestinian Territory