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Cost of Living Index by Country

Scale:
  • 50: India (cheapest)
  • 100: Czech Republic
  • 228: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 228
2nd Singapore 202
3rd United Kingdom 195
4th Hong Kong 171
5th United States 168
6th Ireland 167
7th Australia 166
8th Netherlands 162
9th New Zealand 156
10th Norway 151
54th Peru 70
55th Colombia 69
56th Indonesia 65
57th Russia 65
58th Bolivia 59
59th Malaysia 58
60th India 50
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.

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