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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 234
3rd Hong Kong 227
4th Bahamas 223
5th Iceland 220
6th Ireland 206
7th Singapore 196
8th Norway 195
9th Qatar 188
10th New Zealand 188
68th Egypt 65
69th Peru 65
70th Azerbaijan 65
71st Turkey 65
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.

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