Cost of Living Index by Country
Scale:
- 47: India (cheapest)
- 100: Czech Republic
- 214: Switzerland (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Switzerland | 214 |
| 2nd | Singapore | 208 |
| 3rd | Bahamas | 200 |
| 4th | Cayman Islands | 187 |
| 5th | Ireland | 164 |
| 6th | Hong Kong | 161 |
| 7th | United States | 160 |
| 8th | Denmark | 159 |
| 9th | Australia | 156 |
| 10th | Norway | 144 |
| … | … | … |
| … | … | … |
| … | … | … |
| 62nd | Indonesia | 63 |
| 63rd | Colombia | 63 |
| 64th | Russia | 62 |
| 65th | Vietnam | 62 |
| 66th | Malaysia | 60 |
| 67th | Bolivia | 58 |
| 68th | India | 47 |
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 Bahrain is 48% more expensive than in Paraguay
- Cost of living in Slovakia is 90% more expensive than in India
- Cost of living in South Korea is 8% cheaper than in Germany
- Cost of living in Taiwan is 9% cheaper than in Greece
- Cost of living in Cayman Islands is 67% more expensive than in Uruguay
- Cost of living in Switzerland is 204% more expensive than in Peru
- Cost of living in Costa Rica is about the same as in Poland
- Cost of living in El Salvador is 45% cheaper than in United Kingdom
- Cost of living in Vietnam is 48% cheaper than in Italy
- Cost of living in Costa Rica is 36% more expensive than in Paraguay