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 10% cheaper than in China
- Cost of living in Paraguay is 26% cheaper than in Mexico
- Cost of living in Spain is 74% more expensive than in Brazil
- Cost of living in Malta is 138% more expensive than in Kazakhstan
- Cost of living in Albania is 28% more expensive than in Argentina
- Cost of living in United Kingdom is 83% more expensive than in Czech Republic
- Cost of living in Puerto Rico is 41% cheaper than in Ireland
- Cost of living in Kazakhstan is 61% cheaper than in Belgium
- Cost of living in Turkey is about the same as in Argentina
- Cost of living in Albania is 36% more expensive than in Ukraine