Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 279: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 279 |
| 2nd | Hong Kong | 230 |
| 3rd | Switzerland | 228 |
| 4th | Iceland | 225 |
| 5th | Bahamas | 214 |
| 6th | Norway | 211 |
| 7th | Singapore | 198 |
| 8th | Ireland | 197 |
| 9th | Denmark | 191 |
| 10th | Qatar | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 89th | Azerbaijan | 72 |
| 90th | Algeria | 72 |
| 91st | Tanzania | 70 |
| 92nd | Georgia | 69 |
| 93rd | Paraguay | 68 |
| 94th | Tunisia | 64 |
| 95th | India | 64 |
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 Iran is 60% more expensive than in Chile
- Cost of living in Romania is 33% cheaper than in Greece
- Cost of living in Macedonia is 27% cheaper than in Czech Republic
- Cost of living in Iran is 78% more expensive than in Indonesia
- Cost of living in Luxembourg is 7% more expensive than in Netherlands
- Cost of living in Estonia is 27% cheaper than in Iran
- Cost of living in Jamaica is 28% more expensive than in China
- Cost of living in Guatemala is 21% more expensive than in Algeria
- Cost of living in Russia is about the same as in Brazil
- Cost of living in Iceland is 125% more expensive than in Czech Republic