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Cost of Living Index by Country

Scale:
  • 50: Egypt (cheapest)
  • 100: Czech Republic
  • 279: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 279
2nd Switzerland 246
3rd Singapore 223
4th Ireland 197
5th United Kingdom 197
6th United States 189
7th Australia 174
8th New Zealand 166
9th Norway 165
10th Canada 162
54th Indonesia 71
55th Russia 71
56th Bolivia 66
57th Paraguay 64
58th Bangladesh 59
59th India 58
60th Egypt 50
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.

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