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Cost of Living Index by Country

Scale:
  • 46: Turkey (cheapest)
  • 100: Czech Republic
  • 264: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 264
2nd Switzerland 248
3rd Hong Kong 247
4th Iceland 214
5th Singapore 210
6th Ireland 194
7th Norway 189
8th Luxembourg 184
9th Israel 180
10th New Zealand 177
65th Egypt 67
66th Colombia 65
67th Azerbaijan 65
68th Kazakhstan 65
69th Bolivia 65
70th India 57
71st Turkey 46
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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