Cost of Living Index by Country
Scale:
- 50: India (cheapest)
- 100: Czech Republic
- 219: Switzerland (most expensive)
Cost of Living Ranking by Country
Ranking | Country | Price Index |
---|---|---|
1st | Switzerland | 219 |
2nd | Bahamas | 208 |
3rd | Singapore | 206 |
4th | Cayman Islands | 203 |
5th | Australia | 177 |
6th | Hong Kong | 171 |
7th | United States | 170 |
8th | Ireland | 169 |
9th | United Kingdom | 166 |
10th | Denmark | 165 |
… | … | … |
… | … | … |
… | … | … |
60th | Indonesia | 70 |
61st | Kenya | 69 |
62nd | Russia | 66 |
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 Taiwan is 53% cheaper than in Singapore
- Cost of living in Israel is 176% more expensive than in India
- Cost of living in Hungary is 35% cheaper than in Austria
- Cost of living in Costa Rica is 68% more expensive than in Malaysia
- Cost of living in New Zealand is 115% more expensive than in Ecuador
- Cost of living in Slovenia is 31% cheaper than in Norway
- Cost of living in Hong Kong is 113% more expensive than in Brazil
- Cost of living in Germany is 9% cheaper than in Canada
- Cost of living in Venezuela is 25% cheaper than in Croatia
- Cost of living in Palestinian Territory is 107% more expensive than in India