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Cost of Living Index by Country

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 228: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 228
2nd United Kingdom 197
3rd Singapore 197
4th Hong Kong 175
5th Australia 169
6th United States 168
7th Ireland 168
8th Netherlands 163
9th New Zealand 160
10th Norway 156
54th Colombia 70
55th Peru 69
56th Indonesia 66
57th Russia 65
58th Bolivia 59
59th Malaysia 59
60th India 51
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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