Cost of Living Index by Country
Scale:
- 54: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Cayman Islands | 256 |
| 3rd | Switzerland | 229 |
| 4th | Iceland | 223 |
| 5th | Hong Kong | 222 |
| 6th | Ireland | 211 |
| 7th | Bahamas | 207 |
| 8th | Norway | 206 |
| 9th | Singapore | 192 |
| 10th | Luxembourg | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 72nd | Paraguay | 64 |
| 73rd | Tunisia | 64 |
| 74th | Ukraine | 61 |
| 75th | Turkey | 61 |
| 76th | Azerbaijan | 60 |
| 77th | Kazakhstan | 58 |
| 78th | India | 54 |
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 Israel is 182% more expensive than in Azerbaijan
- Cost of living in Switzerland is 233% more expensive than in Russia
- Cost of living in Bahrain is 44% more expensive than in Malaysia
- Cost of living in Tunisia is 58% cheaper than in Canada
- Cost of living in Lithuania is 35% more expensive than in Indonesia
- Cost of living in Cuba is 36% more expensive than in Bangladesh
- Cost of living in Puerto Rico is 37% cheaper than in Qatar
- Cost of living in Puerto Rico is 25% cheaper than in Sweden
- Cost of living in Singapore is 9% more expensive than in Netherlands
- Cost of living in Puerto Rico is 21% cheaper than in Belgium