Cost of Living Index by Country
Scale:
- 44: Egypt (cheapest)
- 100: Czech Republic
- 240: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 240 |
| 2nd | Hong Kong | 204 |
| 3rd | Switzerland | 203 |
| 4th | Cayman Islands | 200 |
| 5th | Bahamas | 192 |
| 6th | Ireland | 180 |
| 7th | United States | 168 |
| 8th | Denmark | 165 |
| 9th | Israel | 164 |
| 10th | Norway | 162 |
| … | … | … |
| … | … | … |
| … | … | … |
| 64th | Peru | 64 |
| 65th | Bolivia | 61 |
| 66th | Paraguay | 58 |
| 67th | Colombia | 56 |
| 68th | Kosovo | 56 |
| 69th | India | 49 |
| 70th | Egypt | 44 |
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 Bahamas is 20% cheaper than in Bermuda
- Cost of living in Qatar is 26% cheaper than in Switzerland
- Cost of living in Malta is 28% more expensive than in Jordan
- Cost of living in Costa Rica is about the same as in Italy
- Cost of living in Venezuela is 6% more expensive than in Mexico
- Cost of living in Finland is about the same as in Germany
- Cost of living in Macao is 27% more expensive than in Jordan
- Cost of living in Chile is 38% cheaper than in Australia
- Cost of living in Guatemala is 10% more expensive than in Ecuador
- Cost of living in New Zealand is 27% cheaper than in Hong Kong