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Cost of Living Index by Country

Scale:
  • 55: India (cheapest)
  • 100: Czech Republic
  • 263: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 263
2nd Switzerland 236
3rd Iceland 230
4th Bahamas 223
5th Hong Kong 223
6th Ireland 212
7th Singapore 193
8th Luxembourg 192
9th Norway 192
10th Qatar 188
68th Tunisia 64
69th Paraguay 64
70th Turkey 64
71st Egypt 63
72nd Azerbaijan 61
73rd Kazakhstan 59
74th India 55
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.

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