Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 277: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 277 |
| 2nd | Hong Kong | 228 |
| 3rd | Switzerland | 225 |
| 4th | Iceland | 222 |
| 5th | Bahamas | 212 |
| 6th | Norway | 207 |
| 7th | Singapore | 196 |
| 8th | Ireland | 195 |
| 9th | Denmark | 189 |
| 10th | Qatar | 187 |
| … | … | … |
| … | … | … |
| … | … | … |
| 89th | Algeria | 72 |
| 90th | Azerbaijan | 71 |
| 91st | Tanzania | 70 |
| 92nd | Georgia | 68 |
| 93rd | Paraguay | 67 |
| 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 Iceland is 219% more expensive than in Tanzania
- Cost of living in Morocco is 51% cheaper than in United Arab Emirates
- Cost of living in Ukraine is 53% cheaper than in Japan
- Cost of living in Qatar is 84% more expensive than in Slovakia
- Cost of living in Saudi Arabia is 9% cheaper than in Greece
- Cost of living in Iceland is 187% more expensive than in Turkey
- Cost of living in Denmark is 148% more expensive than in Colombia
- Cost of living in Cuba is 8% more expensive than in Chile
- Cost of living in Turkey is 18% cheaper than in Brazil
- Cost of living in Oman is 52% more expensive than in Dominican Republic