Cost of Living Index by Country
Scale:
- 46: Turkey (cheapest)
- 100: Czech Republic
- 264: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 264 |
| 2nd | Switzerland | 248 |
| 3rd | Hong Kong | 247 |
| 4th | Iceland | 214 |
| 5th | Singapore | 210 |
| 6th | Ireland | 194 |
| 7th | Norway | 189 |
| 8th | Luxembourg | 184 |
| 9th | Israel | 180 |
| 10th | New Zealand | 177 |
| … | … | … |
| … | … | … |
| … | … | … |
| 65th | Egypt | 67 |
| 66th | Colombia | 65 |
| 67th | Azerbaijan | 65 |
| 68th | Kazakhstan | 65 |
| 69th | Bolivia | 65 |
| 70th | India | 57 |
| 71st | Turkey | 46 |
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 80% more expensive than in Czech Republic
- Cost of living in Ukraine is 29% cheaper than in Saudi Arabia
- Cost of living in Spain is 75% more expensive than in Egypt
- Cost of living in Romania is 47% cheaper than in Germany
- Cost of living in China is 75% more expensive than in Azerbaijan
- Cost of living in Norway is 24% cheaper than in Switzerland
- Cost of living in Uruguay is 48% more expensive than in Brazil
- Cost of living in Thailand is 31% cheaper than in United Arab Emirates
- Cost of living in El Salvador is 11% more expensive than in Poland
- Cost of living in Guatemala is 10% cheaper than in Greece