Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 263: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 263 |
| 2nd | Switzerland | 236 |
| 3rd | Iceland | 230 |
| 4th | Bahamas | 223 |
| 5th | Hong Kong | 223 |
| 6th | Ireland | 212 |
| 7th | Singapore | 193 |
| 8th | Luxembourg | 192 |
| 9th | Norway | 192 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Tunisia | 64 |
| 69th | Paraguay | 64 |
| 70th | Turkey | 64 |
| 71st | Egypt | 63 |
| 72nd | Azerbaijan | 61 |
| 73rd | Kazakhstan | 59 |
| 74th | India | 55 |
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 Estonia is 73% more expensive than in Argentina
- Cost of living in South Africa is 35% cheaper than in Sweden
- Cost of living in Cyprus is 9% more expensive than in Italy
- Cost of living in Paraguay is 64% cheaper than in Israel
- Cost of living in Portugal is 49% more expensive than in Brazil
- Cost of living in Chile is 35% more expensive than in Bolivia
- Cost of living in Kenya is 22% cheaper than in Cuba
- Cost of living in Turkey is about the same as in Azerbaijan
- Cost of living in Ukraine is 63% cheaper than in Israel
- Cost of living in Bahamas is 92% more expensive than in Taiwan