Cost of Living Index by Country
Scale:
- 57: India (cheapest)
- 100: Czech Republic
- 278: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 278 |
| 2nd | Switzerland | 232 |
| 3rd | Hong Kong | 217 |
| 4th | Bahamas | 217 |
| 5th | Ireland | 207 |
| 6th | Norway | 199 |
| 7th | Singapore | 189 |
| 8th | Luxembourg | 187 |
| 9th | Denmark | 184 |
| 10th | United Kingdom | 183 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 66 |
| 69th | Turkey | 63 |
| 70th | Ukraine | 60 |
| 71st | Paraguay | 60 |
| 72nd | Kazakhstan | 59 |
| 73rd | Georgia | 58 |
| 74th | India | 57 |
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 Hungary is 11% cheaper than in Czech Republic
- Cost of living in Cyprus is 34% more expensive than in Czech Republic
- Cost of living in Poland is 8% more expensive than in Bulgaria
- Cost of living in Thailand is 13% cheaper than in Greece
- Cost of living in Norway is 148% more expensive than in Bulgaria
- Cost of living in Bahamas is 42% more expensive than in Belgium
- Cost of living in Cyprus is about the same as in Italy
- Cost of living in Egypt is 62% cheaper than in Denmark
- Cost of living in New Zealand is 119% more expensive than in Guatemala
- Cost of living in Lithuania is 55% more expensive than in Bolivia