Cost of Living Index by Country
Scale:
- 54: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Cayman Islands | 256 |
| 3rd | Switzerland | 229 |
| 4th | Iceland | 223 |
| 5th | Hong Kong | 222 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 207 |
| 8th | Norway | 206 |
| 9th | Singapore | 192 |
| 10th | Luxembourg | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 72nd | Paraguay | 64 |
| 73rd | Tunisia | 64 |
| 74th | Ukraine | 61 |
| 75th | Turkey | 61 |
| 76th | Azerbaijan | 60 |
| 77th | Kazakhstan | 58 |
| 78th | India | 54 |
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 Luxembourg is 165% more expensive than in Brazil
- Cost of living in Serbia is 8% more expensive than in Brazil
- Cost of living in Vietnam is 20% more expensive than in Azerbaijan
- Cost of living in Estonia is 37% more expensive than in Ecuador
- Cost of living in Slovenia is 12% more expensive than in Lithuania
- Cost of living in Mexico is 46% more expensive than in India
- Cost of living in Mexico is 33% more expensive than in Azerbaijan
- Cost of living in Turkey is 25% cheaper than in Kenya
- Cost of living in Saudi Arabia is 56% cheaper than in Ireland
- Cost of living in Sweden is 96% more expensive than in Malaysia