Cost of Living Index by Country
Scale:
- 55: India (cheapest)
- 100: Czech Republic
- 291: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 291 |
| 2nd | Switzerland | 230 |
| 3rd | Hong Kong | 219 |
| 4th | Bahamas | 208 |
| 5th | Ireland | 204 |
| 6th | Norway | 203 |
| 7th | Singapore | 189 |
| 8th | Australia | 187 |
| 9th | Luxembourg | 184 |
| 10th | Netherlands | 182 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Egypt | 66 |
| 72nd | Paraguay | 62 |
| 73rd | Azerbaijan | 60 |
| 74th | Kazakhstan | 59 |
| 75th | Ukraine | 59 |
| 76th | Georgia | 56 |
| 77th | 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 Russia is 66% cheaper than in Ireland
- Cost of living in Thailand is 31% more expensive than in Dominican Republic
- Cost of living in Luxembourg is about the same as in United Kingdom
- Cost of living in Czech Republic is 66% more expensive than in Azerbaijan
- Cost of living in Hungary is 8% cheaper than in China
- Cost of living in Bahrain is 37% cheaper than in Australia
- Cost of living in Georgia is 31% cheaper than in Ecuador
- Cost of living in Indonesia is about the same as in Ecuador
- Cost of living in Costa Rica is 37% cheaper than in Belgium
- Cost of living in Hungary is 59% cheaper than in Hong Kong