Cost of Living Index by Country
Scale:
- 54: India (cheapest)
- 100: Czech Republic
- 289: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 289 |
| 2nd | Cayman Islands | 262 |
| 3rd | Switzerland | 230 |
| 4th | Hong Kong | 226 |
| 5th | Iceland | 226 |
| 6th | Ireland | 212 |
| 7th | Bahamas | 212 |
| 8th | Norway | 211 |
| 9th | Singapore | 197 |
| 10th | Qatar | 194 |
| … | … | … |
| … | … | … |
| … | … | … |
| 75th | Tunisia | 67 |
| 76th | Egypt | 66 |
| 77th | Turkey | 63 |
| 78th | Ukraine | 60 |
| 79th | Georgia | 59 |
| 80th | Kazakhstan | 58 |
| 81st | 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 El Salvador is 41% cheaper than in Belgium
- Cost of living in Turkey is 66% cheaper than in Australia
- Cost of living in South Korea is 7% more expensive than in United Arab Emirates
- Cost of living in Slovenia is 24% more expensive than in Czech Republic
- Cost of living in Spain is 50% more expensive than in Ecuador
- Cost of living in Indonesia is 46% cheaper than in Germany
- Cost of living in Puerto Rico is 21% cheaper than in Belgium
- Cost of living in Estonia is 26% more expensive than in Hungary
- Cost of living in Ireland is 91% more expensive than in Croatia
- Cost of living in Norway is 13% more expensive than in Australia