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Cost of Living Index by Country

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

Cost of Living Ranking by Country

Ranking Country Price Index
1st Cayman Islands 269
2nd Hong Kong 243
3rd Switzerland 241
4th Iceland 225
5th Ireland 207
6th Norway 205
7th Singapore 203
8th New Zealand 192
9th Australia 184
10th Denmark 183
57th Bolivia 69
58th Colombia 69
59th Azerbaijan 67
60th Egypt 66
61st Tunisia 63
62nd Turkey 62
63rd 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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