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 El Salvador is 52% cheaper than in Australia
- Cost of living in Vietnam is 6% cheaper than in Russia
- Cost of living in Slovenia is 35% cheaper than in United Kingdom
- Cost of living in Guyana is 9% cheaper than in Guatemala
- Cost of living in Macao is 8% cheaper than in Germany
- Cost of living in Netherlands is 7% more expensive than in United Arab Emirates
- Cost of living in United States is 101% more expensive than in El Salvador
- Cost of living in Costa Rica is 28% cheaper than in United Arab Emirates
- Cost of living in Palestinian Territory is 25% cheaper than in Luxembourg
- Cost of living in Bahamas is 96% more expensive than in Portugal