Cost of Living Index by Country
Scale:
- 50: India (cheapest)
- 100: Czech Republic
- 220: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 220 |
2nd | Bahamas | 209 |
3rd | Singapore | 207 |
4th | Cayman Islands | 205 |
5th | Australia | 177 |
6th | Hong Kong | 172 |
7th | United States | 171 |
8th | Ireland | 169 |
9th | United Kingdom | 167 |
10th | Denmark | 166 |
… | … | … |
… | … | … |
… | … | … |
60th | Indonesia | 70 |
61st | Kenya | 69 |
62nd | Russia | 68 |
63rd | Vietnam | 63 |
64th | Bolivia | 62 |
65th | Malaysia | 60 |
66th | India | 50 |
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 Russia is 50% cheaper than in Germany
- Cost of living in Singapore is 175% more expensive than in Bosnia and Herzegovina
- Cost of living in Panama is 10% cheaper than in Costa Rica
- Cost of living in Greece is 21% more expensive than in Venezuela
- Cost of living in Venezuela is 54% cheaper than in United States
- Cost of living in Portugal is 25% cheaper than in Finland
- Cost of living in Israel is 9% more expensive than in Austria
- Cost of living in United States is 20% more expensive than in Finland
- Cost of living in Malaysia is 57% cheaper than in Finland
- Cost of living in Israel is 16% cheaper than in United Kingdom