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 | 245 |
| 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.
Other Country Comparisons
- Cost of living in Sweden is 38% more expensive than in Croatia
- Cost of living in Greece is 60% more expensive than in Azerbaijan
- Cost of living in Chile is 43% more expensive than in Azerbaijan
- Cost of living in Peru is 53% cheaper than in Canada
- Cost of living in Qatar is 83% more expensive than in Guatemala
- Cost of living in Venezuela is 21% cheaper than in China
- Cost of living in Cayman Islands is 44% more expensive than in Luxembourg
- Cost of living in Russia is 56% cheaper than in Finland
- Cost of living in Morocco is 52% cheaper than in Japan
- Cost of living in Saudi Arabia is 40% cheaper than in Finland