Cost of Living Index by Country
Scale:
- 62: India (cheapest)
- 100: Czech Republic
- 305: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 305 |
| 2nd | Cayman Islands | 295 |
| 3rd | Switzerland | 254 |
| 4th | Hong Kong | 234 |
| 5th | Bahamas | 232 |
| 6th | Norway | 210 |
| 7th | Ireland | 209 |
| 8th | Denmark | 200 |
| 9th | Singapore | 200 |
| 10th | Israel | 192 |
| … | … | … |
| … | … | … |
| … | … | … |
| 79th | Ukraine | 71 |
| 80th | Tanzania | 71 |
| 81st | Kazakhstan | 69 |
| 82nd | Paraguay | 69 |
| 83rd | Georgia | 67 |
| 84th | Tunisia | 66 |
| 85th | India | 62 |
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 Cayman Islands is 100% more expensive than in Malta
- Cost of living in United States is 27% more expensive than in Italy
- Cost of living in Ukraine is 14% cheaper than in Romania
- Cost of living in Poland is 14% more expensive than in Brazil
- Cost of living in Peru is 52% cheaper than in Lebanon
- Cost of living in Hungary is 60% cheaper than in Hong Kong
- Cost of living in Slovakia is 48% cheaper than in Ireland
- Cost of living in Cyprus is 64% more expensive than in Bulgaria
- Cost of living in Taiwan is 196% more expensive than in Pakistan
- Cost of living in Estonia is about the same as in Latvia