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 Ecuador is 18% more expensive than in Bolivia
- Cost of living in Iceland is 112% more expensive than in Uruguay
- Cost of living in South Africa is 20% more expensive than in Guatemala
- Cost of living in Slovenia is 41% cheaper than in Norway
- Cost of living in Romania is 59% cheaper than in Denmark
- Cost of living in Croatia is 33% cheaper than in Finland
- Cost of living in Poland is 47% cheaper than in Finland
- Cost of living in Colombia is 9% cheaper than in Brazil
- Cost of living in Saudi Arabia is 44% cheaper than in Austria
- Cost of living in Guatemala is 28% more expensive than in Colombia