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Cost of Living Index by Country

Scale:
  • 57: India (cheapest)
  • 100: Czech Republic
  • 272: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 272
2nd Hong Kong 252
3rd Switzerland 247
4th Iceland 227
5th Singapore 211
6th Ireland 210
7th Norway 208
8th Luxembourg 197
9th Australia 186
10th Denmark 184
62nd Peru 69
63rd Bolivia 69
64th Azerbaijan 67
65th Egypt 67
66th Turkey 61
67th Kazakhstan 60
68th India 57
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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