Cost of Living Index by Country
Scale:
- 52: India (cheapest)
- 100: Czech Republic
- 237: Bahamas (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bahamas | 237 |
| 2nd | Singapore | 232 |
| 3rd | Switzerland | 220 |
| 4th | Cayman Islands | 218 |
| 5th | Ireland | 183 |
| 6th | United States | 178 |
| 7th | Denmark | 174 |
| 8th | Australia | 164 |
| 9th | Norway | 162 |
| 10th | Netherlands | 160 |
| … | … | … |
| … | … | … |
| … | … | … |
| 59th | Paraguay | 74 |
| 60th | Vietnam | 73 |
| 61st | Colombia | 70 |
| 62nd | Malaysia | 68 |
| 63rd | Bolivia | 65 |
| 64th | Russia | 64 |
| 65th | India | 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 New Zealand is 96% more expensive than in Bosnia and Herzegovina
- Cost of living in Greece is 11% more expensive than in Chile
- Cost of living in Denmark is 124% more expensive than in Bosnia and Herzegovina
- Cost of living in Uruguay is 64% more expensive than in Argentina
- Cost of living in Italy is 13% cheaper than in United Arab Emirates
- Cost of living in Spain is 36% more expensive than in Bosnia and Herzegovina
- Cost of living in Panama is 38% cheaper than in Denmark
- Cost of living in Guatemala is 9% cheaper than in China
- Cost of living in Ecuador is 44% cheaper than in Germany
- Cost of living in Bahamas is 170% more expensive than in Venezuela