Cost of Living Index by Country
Scale:
- 64: India (cheapest)
- 100: Czech Republic
- 277: Cayman Islands (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Cayman Islands | 277 |
| 2nd | Hong Kong | 228 |
| 3rd | Switzerland | 226 |
| 4th | Iceland | 223 |
| 5th | Bahamas | 213 |
| 6th | Norway | 209 |
| 7th | Singapore | 197 |
| 8th | Ireland | 196 |
| 9th | Denmark | 190 |
| 10th | Qatar | 188 |
| … | … | … |
| … | … | … |
| … | … | … |
| 89th | Azerbaijan | 72 |
| 90th | Algeria | 72 |
| 91st | Tanzania | 70 |
| 92nd | Georgia | 69 |
| 93rd | Paraguay | 67 |
| 94th | Tunisia | 64 |
| 95th | India | 64 |
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 Iceland is 129% more expensive than in Chile
- Cost of living in Georgia is 10% cheaper than in Bosnia and Herzegovina
- Cost of living in Botswana is 47% cheaper than in Finland
- Cost of living in Ukraine is about the same as in Bolivia
- Cost of living in Czech Republic is about the same as in Chile
- Cost of living in Slovakia is 23% more expensive than in Serbia
- Cost of living in Mauritius is 68% more expensive than in Mexico
- Cost of living in New Zealand is 31% more expensive than in Italy
- Cost of living in Malaysia is 21% more expensive than in Bosnia and Herzegovina
- Cost of living in Palestinian Territory is 13% cheaper than in United Arab Emirates