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 Venezuela is 53% cheaper than in Denmark
- Cost of living in Russia is 5% cheaper than in Colombia
- Cost of living in United States is about the same as in Ireland
- Cost of living in Costa Rica is 20% more expensive than in El Salvador
- Cost of living in Panama is 23% cheaper than in Uruguay
- Cost of living in Costa Rica is 15% cheaper than in Uruguay
- Cost of living in Palestinian Territory is about the same as in Croatia
- Cost of living in Luxembourg is 17% cheaper than in United Kingdom
- Cost of living in Norway is 50% more expensive than in Spain
- Cost of living in Singapore is 25% more expensive than in Denmark