Cost of Living Ranking by Country

Ranking Country Price Index *
1st Cayman Islands 315
2nd Switzerland 270
3rd Iceland 258
4th Hong Kong 246
5th Norway 227
6th Singapore 219
7th Australia 210
8th United Kingdom 209
9th Ireland 209
10th Qatar 204
11th Denmark 199
12th New Zealand 197
13th France 193
14th United States 192
15th Israel 191
16th United Arab Emirates 189
17th Japan 184
18th Luxembourg 182
19th Netherlands 181
20th Finland 177
21st Sweden 177
22nd South Korea 163
23rd Canada 162
24th Lebanon 159
25th Germany 158
26th Belgium 155
27th Puerto Rico 154
28th Austria 153
29th Italy 151
30th Oman 147
31st Saudi Arabia 146
32nd Uruguay 145
33rd Trinidad and Tobago 144
34th Bahrain 144
35th Jordan 142
36th Panama 141
37th Spain 138
38th Kuwait 137
39th Brazil 132
40th Slovenia 129
41st Costa Rica 127
42nd Greece 123
43rd Taiwan 122
44th Portugal 121
45th Chile 118
46th Argentina 116
47th China 115
48th Latvia 115
49th Kenya 113
50th Croatia 112
51st Russia 110
52nd South Africa 110
53rd El Salvador 110
54th Namibia 109
55th Estonia 107
56th Lithuania 106
57th Turkey 104
58th Slovakia 102
59th Czech Republic 100
60th Peru 100
61st Hungary 99
62nd Thailand 98
63rd Ecuador 98
64th Poland 96
65th Botswana 95
66th Colombia 93
67th Malaysia 92
68th Philippines 92
69th Indonesia 91
70th Bangladesh 90
71st Mexico 86
72nd Serbia 86
73rd Romania 83
74th Bulgaria 82
75th Vietnam 82
76th Nepal 80
77th Macedonia 77
78th Bosnia and Herzegovina 75
79th Georgia 71
80th India 70
81st Ukraine 67
82nd Tunisia 66
83rd Egypt 52

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:
  • 52: Egypt (cheapest)
  • 100: Czech Republic
  • 315: Cayman Islands (most expensive)