Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Cayman Islands | 276 |
| 3rd | Switzerland | 252 |
| 4th | Bahamas | 233 |
| 5th | Hong Kong | 231 |
| 6th | Ireland | 221 |
| 7th | Norway | 206 |
| 8th | Singapore | 200 |
| 9th | Netherlands | 197 |
| 10th | Denmark | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 69 |
| 72nd | Turkey | 66 |
| 73rd | Ukraine | 66 |
| 74th | Paraguay | 64 |
| 75th | Georgia | 63 |
| 76th | Kazakhstan | 62 |
| 77th | India | 61 |
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 France is 7% more expensive than in Germany
- Cost of living in Colombia is 60% cheaper than in United Arab Emirates
- Cost of living in Albania is about the same as in South Africa
- Cost of living in Estonia is 76% more expensive than in Tunisia
- Cost of living in Malta is 26% more expensive than in Panama
- Cost of living in Slovenia is 18% cheaper than in Belgium
- Cost of living in Bahamas is 117% more expensive than in Thailand
- Cost of living in Singapore is 191% more expensive than in Colombia
- Cost of living in France is 8% more expensive than in Belgium
- Cost of living in India is 36% cheaper than in Hungary