Cost of Living Index by Country
Scale:
- 60: India (cheapest)
- 100: Czech Republic
- 293: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 293 |
| 2nd | Cayman Islands | 275 |
| 3rd | Switzerland | 250 |
| 4th | Bahamas | 230 |
| 5th | Hong Kong | 230 |
| 6th | Ireland | 215 |
| 7th | Norway | 207 |
| 8th | Denmark | 197 |
| 9th | Singapore | 196 |
| 10th | Luxembourg | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tanzania | 66 |
| 74th | Turkey | 66 |
| 75th | Ukraine | 66 |
| 76th | Georgia | 64 |
| 77th | Paraguay | 63 |
| 78th | Kazakhstan | 62 |
| 79th | India | 60 |
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 Costa Rica is 19% more expensive than in Poland
- Cost of living in Singapore is 12% more expensive than in France
- Cost of living in Russia is 67% cheaper than in Hong Kong
- Cost of living in Jordan is 40% more expensive than in Bulgaria
- Cost of living in India is 5% cheaper than in Georgia
- Cost of living in Israel is 86% more expensive than in El Salvador
- Cost of living in Qatar is 13% more expensive than in United Arab Emirates
- Cost of living in Tanzania is 42% cheaper than in Croatia
- Cost of living in Colombia is 56% cheaper than in Canada
- Cost of living in Switzerland is 66% more expensive than in Austria