Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 280: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 280 |
| 2nd | Hong Kong | 230 |
| 3rd | Switzerland | 227 |
| 4th | Iceland | 223 |
| 5th | Bahamas | 214 |
| 6th | Norway | 207 |
| 7th | Singapore | 197 |
| 8th | Ireland | 196 |
| 9th | Qatar | 190 |
| 10th | Denmark | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 90th | Kazakhstan | 73 |
| 91st | Algeria | 72 |
| 92nd | Tanzania | 70 |
| 93rd | Georgia | 69 |
| 94th | Paraguay | 68 |
| 95th | Tunisia | 64 |
| 96th | India | 64 |
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 Philippines is 16% cheaper than in Lithuania
- Cost of living in Slovenia is 89% more expensive than in India
- Cost of living in South Korea is 44% more expensive than in China
- Cost of living in Panama is 26% cheaper than in Iran
- Cost of living in New Zealand is 22% more expensive than in South Korea
- Cost of living in Taiwan is 99% more expensive than in Egypt
- Cost of living in Cayman Islands is 145% more expensive than in Greece
- Cost of living in Tanzania is 38% cheaper than in Greece
- Cost of living in Albania is about the same as in Hungary
- Cost of living in Tunisia is 62% cheaper than in Japan