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Cost of Living Index by Country

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 227: Switzerland (most expensive)

Cost of Living Ranking by Country

Ranking Country Price Index
1st Switzerland 227
2nd Cayman Islands 199
3rd Singapore 195
4th Hong Kong 174
5th Australia 173
6th Ireland 165
7th United States 165
8th United Kingdom 160
9th New Zealand 160
10th Norway 155
57th Peru 70
58th Bosnia and Herzegovina 69
59th Indonesia 65
60th Colombia 65
61st Bolivia 61
62nd Malaysia 58
63rd India 51
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.

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