Cost of Living Index by Country
Scale:
- 54: India (cheapest)
- 100: Czech Republic
- 287: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 287 |
| 2nd | Cayman Islands | 259 |
| 3rd | Iceland | 254 |
| 4th | Switzerland | 227 |
| 5th | Hong Kong | 225 |
| 6th | Bahamas | 210 |
| 7th | Ireland | 210 |
| 8th | Norway | 208 |
| 9th | Singapore | 193 |
| 10th | Qatar | 193 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Paraguay | 66 |
| 76th | Egypt | 65 |
| 77th | Turkey | 64 |
| 78th | Ukraine | 60 |
| 79th | Georgia | 59 |
| 80th | Kazakhstan | 58 |
| 81st | India | 54 |
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 Romania is 51% cheaper than in Austria
- Cost of living in Kazakhstan is 32% cheaper than in Guatemala
- Cost of living in South Africa is 41% cheaper than in Israel
- Cost of living in Hong Kong is 18% more expensive than in Denmark
- Cost of living in Mexico is 26% cheaper than in Lithuania
- Cost of living in Russia is 42% cheaper than in Portugal
- Cost of living in Cyprus is 52% more expensive than in Poland
- Cost of living in Paraguay is 24% cheaper than in Philippines
- Cost of living in Jordan is 5% more expensive than in Cuba
- Cost of living in Slovenia is 17% cheaper than in United Arab Emirates