Cost of Living Index by Country
Scale:
- 57: Georgia (cheapest)
- 100: Czech Republic
- 276: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 276 |
| 2nd | Switzerland | 238 |
| 3rd | Hong Kong | 221 |
| 4th | Bahamas | 213 |
| 5th | Ireland | 208 |
| 6th | Norway | 204 |
| 7th | Luxembourg | 189 |
| 8th | Singapore | 189 |
| 9th | United Kingdom | 187 |
| 10th | Australia | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 69th | Turkey | 67 |
| 70th | Azerbaijan | 63 |
| 71st | Paraguay | 61 |
| 72nd | Ukraine | 60 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 57 |
| 75th | Georgia | 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 Hong Kong is 20% more expensive than in Denmark
- Cost of living in Ukraine is 64% cheaper than in France
- Cost of living in Malta is 104% more expensive than in Colombia
- Cost of living in South Africa is 30% more expensive than in Bolivia
- Cost of living in Switzerland is 37% more expensive than in Japan
- Cost of living in Portugal is 33% more expensive than in Poland
- Cost of living in Tunisia is 6% cheaper than in Brazil
- Cost of living in Paraguay is 71% cheaper than in Ireland
- Cost of living in Spain is 78% more expensive than in Brazil
- Cost of living in Bahrain is 54% more expensive than in Serbia