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.
Other Country Comparisons
- Cost of living in Croatia is 41% cheaper than in Australia
- Cost of living in Norway is 40% more expensive than in United Arab Emirates
- Cost of living in Spain is 78% more expensive than in Colombia
- Cost of living in Venezuela is 17% more expensive than in Russia
- Cost of living in Uruguay is about the same as in Latvia
- Cost of living in South Africa is 7% more expensive than in Guatemala
- Cost of living in Mexico is 8% cheaper than in Hungary
- Cost of living in Mexico is 55% cheaper than in Australia
- Cost of living in Poland is 27% cheaper than in Oman
- Cost of living in Costa Rica is 31% more expensive than in Brazil