Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 300: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 300 |
| 2nd | Cayman Islands | 282 |
| 3rd | Switzerland | 254 |
| 4th | Bahamas | 236 |
| 5th | Hong Kong | 234 |
| 6th | Ireland | 219 |
| 7th | Norway | 206 |
| 8th | Singapore | 200 |
| 9th | Denmark | 199 |
| 10th | Qatar | 196 |
| … | … | … |
| … | … | … |
| … | … | … |
| 73rd | Tanzania | 70 |
| 74th | Ukraine | 67 |
| 75th | Turkey | 67 |
| 76th | Paraguay | 65 |
| 77th | Georgia | 65 |
| 78th | Kazakhstan | 64 |
| 79th | India | 61 |
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 Malaysia is 15% more expensive than in Bolivia
- Cost of living in Slovenia is 65% more expensive than in Dominican Republic
- Cost of living in Bahrain is 48% more expensive than in Romania
- Cost of living in Malaysia is 21% cheaper than in Croatia
- Cost of living in New Zealand is 182% more expensive than in Paraguay
- Cost of living in Bermuda is 147% more expensive than in Latvia
- Cost of living in Luxembourg is 112% more expensive than in Malaysia
- Cost of living in Norway is 160% more expensive than in Bolivia
- Cost of living in Poland is 24% cheaper than in Latvia
- Cost of living in Panama is 45% cheaper than in Ireland