Cost of Living Index by Country
Scale:
- 56: India (cheapest)
- 100: Czech Republic
- 297: Bermuda (most expensive)
Cost of Living Ranking by Country
| Ranking | Country | Price Index |
|---|---|---|
| 1st | Bermuda | 297 |
| 2nd | Switzerland | 229 |
| 3rd | Hong Kong | 223 |
| 4th | Bahamas | 212 |
| 5th | Ireland | 206 |
| 6th | Norway | 206 |
| 7th | Singapore | 192 |
| 8th | Denmark | 188 |
| 9th | Australia | 187 |
| 10th | Luxembourg | 186 |
| … | … | … |
| … | … | … |
| … | … | … |
| 71st | Colombia | 66 |
| 72nd | Paraguay | 64 |
| 73rd | Azerbaijan | 61 |
| 74th | Ukraine | 60 |
| 75th | Kazakhstan | 60 |
| 76th | Georgia | 57 |
| 77th | India | 56 |
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 48% more expensive than in Argentina
- Cost of living in Japan is 180% more expensive than in Azerbaijan
- Cost of living in South Africa is 56% more expensive than in Kazakhstan
- Cost of living in Mauritius is 19% more expensive than in Serbia
- Cost of living in Bahrain is 31% cheaper than in Israel
- Cost of living in Cyprus is 95% more expensive than in Tunisia
- Cost of living in Bahamas is 192% more expensive than in Peru
- Cost of living in Qatar is 176% more expensive than in Colombia
- Cost of living in Croatia is 15% cheaper than in Spain
- Cost of living in Malta is 44% more expensive than in Chile