Cost of Living Index by Country
Scale:
- 52: Egypt (cheapest)
- 100: Czech Republic
- 293: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Rank | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 293 |
| 2nd | Switzerland | 255 |
| 3rd | Iceland | 234 |
| 4th | Norway | 228 |
| 5th | Hong Kong | 223 |
| 6th | Australia | 205 |
| 7th | Ireland | 203 |
| 8th | Singapore | 203 |
| 9th | Denmark | 196 |
| 10th | Qatar | 189 |
| … | … | … |
| … | … | … |
| … | … | … |
| 98th | Nicaragua | 68 |
| 99th | Azerbaijan | 65 |
| 100th | India | 65 |
| 101st | Ukraine | 64 |
| 102nd | Moldova | 64 |
| 103rd | Tunisia | 61 |
| 104th | Egypt | 52 |
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 Serbia is 8% more expensive than in Bulgaria
- Cost of living in Luxembourg is 136% more expensive than in Nepal
- Cost of living in Costa Rica is 16% more expensive than in Paraguay
- Cost of living in South Africa is 41% cheaper than in United Arab Emirates
- Cost of living in Iran is 13% cheaper than in Czech Republic
- Cost of living in Cyprus is 48% more expensive than in Bulgaria
- Cost of living in France is 5% cheaper than in Denmark
- Cost of living in Ukraine is 13% cheaper than in Macedonia
- Cost of living in South Korea is 73% more expensive than in Indonesia
- Cost of living in Kazakhstan is 66% cheaper than in Australia