Cost of Living Index by Country
Scale:
- 56: India (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 | 233 |
| 3rd | Hong Kong | 227 |
| 4th | Bahamas | 223 |
| 5th | Iceland | 220 |
| 6th | Ireland | 205 |
| 7th | Singapore | 196 |
| 8th | Norway | 195 |
| 9th | Qatar | 188 |
| 10th | New Zealand | 187 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Egypt | 65 |
| 69th | Peru | 65 |
| 70th | Azerbaijan | 65 |
| 71st | Turkey | 64 |
| 72nd | Tunisia | 63 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 56 |
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 Switzerland is 37% more expensive than in United Kingdom
- Cost of living in El Salvador is 15% cheaper than in Latvia
- Cost of living in Sweden is 25% more expensive than in Spain
- Cost of living in Portugal is 75% more expensive than in Argentina
- Cost of living in Paraguay is 16% cheaper than in Morocco
- Cost of living in Uruguay is 19% cheaper than in United Arab Emirates
- Cost of living in Bahrain is 26% cheaper than in Japan
- Cost of living in Bahamas is 19% more expensive than in Qatar
- Cost of living in Croatia is 15% more expensive than in Guatemala
- Cost of living in Saudi Arabia is 18% more expensive than in Morocco