Cost of Living Index by Country
Scale:
- 44: Egypt (cheapest)
- 100: Czech Republic
- 242: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 242 |
| 2nd | Switzerland | 224 |
| 3rd | Singapore | 198 |
| 4th | Netherlands | 182 |
| 5th | United Kingdom | 179 |
| 6th | Hong Kong | 177 |
| 7th | United States | 175 |
| 8th | Ireland | 172 |
| 9th | Austria | 157 |
| 10th | United Arab Emirates | 157 |
| … | … | … |
| … | … | … |
| … | … | … |
| 50th | Ukraine | 69 |
| 51st | Indonesia | 68 |
| 52nd | Bolivia | 61 |
| 53rd | Bangladesh | 52 |
| 54th | India | 49 |
| 55th | Paraguay | 47 |
| 56th | Egypt | 44 |
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 Singapore is 36% more expensive than in Belgium
- Cost of living in Singapore is 136% more expensive than in Mexico
- Cost of living in Serbia is 46% cheaper than in Australia
- Cost of living in Russia is 59% cheaper than in Hong Kong
- Cost of living in South Africa is 28% cheaper than in Croatia
- Cost of living in Saudi Arabia is 31% more expensive than in Serbia
- Cost of living in Cayman Islands is 418% more expensive than in Paraguay
- Cost of living in Finland is 102% more expensive than in Bangladesh
- Cost of living in United States is 153% more expensive than in Ukraine
- Cost of living in Russia is about the same as in Peru