Cost of Living Index by Country
Scale:
- 61: India (cheapest)
- 100: Czech Republic
- 304: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 304 |
| 2nd | Cayman Islands | 295 |
| 3rd | Switzerland | 253 |
| 4th | Hong Kong | 234 |
| 5th | Bahamas | 232 |
| 6th | Ireland | 208 |
| 7th | Norway | 208 |
| 8th | Denmark | 200 |
| 9th | Singapore | 199 |
| 10th | Israel | 190 |
| … | … | … |
| … | … | … |
| … | … | … |
| 79th | Tanzania | 71 |
| 80th | Ukraine | 71 |
| 81st | Kazakhstan | 69 |
| 82nd | Paraguay | 69 |
| 83rd | Georgia | 66 |
| 84th | Tunisia | 66 |
| 85th | India | 61 |
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 Turkey is 61% cheaper than in Israel
- Cost of living in Georgia is 23% cheaper than in Bolivia
- Cost of living in Greece is 52% more expensive than in Brazil
- Cost of living in Cyprus is 111% more expensive than in Georgia
- Cost of living in Bahrain is 88% more expensive than in Tanzania
- Cost of living in United Kingdom is 157% more expensive than in Azerbaijan
- Cost of living in Latvia is 26% more expensive than in Hungary
- Cost of living in Ecuador is 41% cheaper than in Germany
- Cost of living in Slovenia is 36% cheaper than in Denmark
- Cost of living in France is 12% cheaper than in Denmark