Cost of Living Index by Country
Scale:
- 58: India (cheapest)
- 100: Czech Republic
- 282: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 282 |
| 2nd | Switzerland | 234 |
| 3rd | Hong Kong | 220 |
| 4th | Bahamas | 220 |
| 5th | Ireland | 209 |
| 6th | Norway | 198 |
| 7th | Luxembourg | 188 |
| 8th | Singapore | 188 |
| 9th | Denmark | 186 |
| 10th | Netherlands | 185 |
| … | … | … |
| … | … | … |
| … | … | … |
| 68th | Azerbaijan | 67 |
| 69th | Turkey | 66 |
| 70th | Paraguay | 61 |
| 71st | Ukraine | 61 |
| 72nd | Kazakhstan | 60 |
| 73rd | Georgia | 59 |
| 74th | India | 58 |
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 Malta is 8% cheaper than in Germany
- Cost of living in Puerto Rico is 49% more expensive than in Guatemala
- Cost of living in Bermuda is 224% more expensive than in Malaysia
- Cost of living in Slovenia is 25% cheaper than in Finland
- Cost of living in Slovenia is 68% more expensive than in Bolivia
- Cost of living in Bahrain is 77% more expensive than in Russia
- Cost of living in Qatar is 13% more expensive than in United Arab Emirates
- Cost of living in China is 34% cheaper than in Belgium
- Cost of living in South Africa is 13% more expensive than in Serbia
- Cost of living in Panama is 91% more expensive than in Kazakhstan