Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 284: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 284 |
| 2nd | Cayman Islands | 259 |
| 3rd | Switzerland | 231 |
| 4th | Iceland | 225 |
| 5th | Hong Kong | 224 |
| 6th | Ireland | 213 |
| 7th | Bahamas | 209 |
| 8th | Norway | 208 |
| 9th | Singapore | 194 |
| 10th | Denmark | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tunisia | 64 |
| 74th | Paraguay | 64 |
| 75th | Turkey | 62 |
| 76th | Ukraine | 61 |
| 77th | Azerbaijan | 61 |
| 78th | Kazakhstan | 59 |
| 79th | India | 55 |
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 Romania is about the same as in Dominican Republic
- Cost of living in Hungary is 4% more expensive than in Guatemala
- Cost of living in Tunisia is 70% cheaper than in Ireland
- Cost of living in Mauritius is 13% more expensive than in Kenya
- Cost of living in Estonia is 9% more expensive than in China
- Cost of living in Mexico is 53% cheaper than in United Kingdom
- Cost of living in New Zealand is 137% more expensive than in Dominican Republic
- Cost of living in Luxembourg is 84% more expensive than in China
- Cost of living in Bahamas is 222% more expensive than in Colombia
- Cost of living in Singapore is 23% more expensive than in South Korea