Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 284: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 284 |
| 2nd | Cayman Islands | 257 |
| 3rd | Switzerland | 230 |
| 4th | Iceland | 224 |
| 5th | Hong Kong | 224 |
| 6th | Ireland | 212 |
| 7th | Bahamas | 208 |
| 8th | Norway | 205 |
| 9th | Singapore | 193 |
| 10th | Luxembourg | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Paraguay | 65 |
| 74th | Tunisia | 64 |
| 75th | Ukraine | 61 |
| 76th | Azerbaijan | 61 |
| 77th | Turkey | 61 |
| 78th | Kazakhstan | 58 |
| 79th | 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 Tunisia is 36% cheaper than in Chile
- Cost of living in Paraguay is 16% cheaper than in Bulgaria
- Cost of living in Slovenia is 62% more expensive than in Bangladesh
- Cost of living in Cuba is 34% cheaper than in Canada
- Cost of living in Costa Rica is 42% cheaper than in Japan
- Cost of living in Kenya is 9% more expensive than in Bangladesh
- Cost of living in Iceland is 198% more expensive than in Bangladesh
- Cost of living in Costa Rica is 7% more expensive than in Hungary
- Cost of living in Serbia is 54% cheaper than in United Kingdom
- Cost of living in Serbia is 52% cheaper than in Finland