Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 288: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 288 |
| 2nd | Cayman Islands | 261 |
| 3rd | Switzerland | 230 |
| 4th | Hong Kong | 225 |
| 5th | Iceland | 225 |
| 6th | Ireland | 212 |
| 7th | Norway | 212 |
| 8th | Bahamas | 210 |
| 9th | Singapore | 196 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Tunisia | 67 |
| 76th | Egypt | 65 |
| 77th | Turkey | 64 |
| 78th | Ukraine | 60 |
| 79th | Georgia | 59 |
| 80th | Kazakhstan | 58 |
| 81st | India | 55 |
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 Qatar is about the same as in Luxembourg
- Cost of living in Singapore is 15% more expensive than in Japan
- Cost of living in Japan is 213% more expensive than in India
- Cost of living in Qatar is 233% more expensive than in Kazakhstan
- Cost of living in Chile is 38% cheaper than in Austria
- Cost of living in Mauritius is 19% cheaper than in Latvia
- Cost of living in Iceland is 178% more expensive than in Indonesia
- Cost of living in Cyprus is 21% more expensive than in Jordan
- Cost of living in Uruguay is 79% more expensive than in Ukraine
- Cost of living in Turkey is 58% cheaper than in Canada