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Cost of Living Index by Country

Scale:
  • 50: Turkey (cheapest)
  • 100: Czech Republic
  • 276: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 276
2nd Hong Kong 255
3rd Switzerland 248
4th Iceland 225
5th Singapore 216
6th Ireland 204
7th Luxembourg 195
8th Norway 194
9th Israel 186
10th Australia 183
60th Kazakhstan 70
61st Peru 69
62nd Azerbaijan 68
63rd Egypt 68
64th Colombia 67
65th India 58
66th Turkey 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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