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Cost of Living Index by Country

Scale:
  • 45: Turkey (cheapest)
  • 100: Czech Republic
  • 263: Cayman Islands (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 263
2nd Switzerland 247
3rd Hong Kong 246
4th Iceland 213
5th Singapore 209
6th Ireland 195
7th Norway 192
8th New Zealand 189
9th Luxembourg 185
10th Israel 181
62nd Kazakhstan 67
63rd Egypt 67
64th Bolivia 65
65th Azerbaijan 65
66th Colombia 64
67th India 56
68th Turkey 45
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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