Cost of Living Ranking by Country

Ranking Country Price Index *
1st Switzerland 227
2nd United Kingdom 197
3rd Singapore 196
4th Hong Kong 173
5th Ireland 168
6th United States 167
7th Australia 167
8th Netherlands 163
9th New Zealand 158
10th Norway 154
11th Canada 150
12th Finland 146
13th Luxembourg 145
14th Israel 143
15th Sweden 142
16th France 138
17th Belgium 137
18th Germany 133
19th Austria 128
20th Italy 128
21st Macao 123
22nd Malta 121
23rd Uruguay 119
24th Cyprus 113
25th Slovenia 110
26th Poland 109
27th Croatia 108
28th Estonia 107
29th Japan 105
30th Palestinian Territory 104
31st Portugal 104
32nd Spain 104
33rd Greece 100
34th Czech Republic 100
35th Costa Rica 98
36th Slovakia 94
37th Lithuania 92
38th Panama 91
39th El Salvador 90
40th Chile 90
41st Mexico 88
42nd Hungary 86
43rd China 83
44th Venezuela 83
45th Ecuador 82
46th Bulgaria 80
47th South Africa 80
48th Guyana 78
49th Brazil 75
50th Fiji 74
51st Romania 74
52nd Peru 72
53rd Bosnia and Herzegovina 70
54th Colombia 69
55th Indonesia 66
56th Russia 64
57th Bolivia 59
58th Malaysia 58
59th India 51

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.

Cost of Living Map

Scale:
  • 51: India (cheapest)
  • 100: Czech Republic
  • 227: Switzerland (most expensive)

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