Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 296
2nd Cayman Islands 276
3rd Switzerland 252
4th Hong Kong 233
5th Bahamas 232
6th Ireland 221
7th Norway 207
8th Singapore 200
9th Netherlands 197
10th Denmark 196
11th Qatar 195
12th United Kingdom 189
13th Israel 187
14th New Zealand 183
15th Australia 178
16th United States 178
17th Finland 178
18th France 174
19th United Arab Emirates 173
20th Sweden 172
21st South Korea 167
22nd Germany 163
23rd Canada 162
24th Belgium 162
25th Austria 153
26th Malta 151
27th Italy 147
28th Cyprus 145
29th Spain 136
30th Slovenia 132
31st Puerto Rico 131
32nd Estonia 127
33rd Greece 125
34th Bahrain 124
35th Portugal 124
36th Latvia 121
37th Panama 119
38th Jordan 118
39th Croatia 115
40th Uruguay 112
41st Mauritius 111
42nd Lithuania 109
43rd Slovakia 108
44th Costa Rica 107
45th Thailand 107
46th China 106
47th Philippines 102
48th Czech Republic 100
49th Chile 100
50th El Salvador 99
51st Hungary 95
52nd Kenya 94
53rd Ecuador 92
54th Poland 91
55th South Africa 91
56th Malaysia 90
57th Guatemala 89
58th Romania 87
59th Albania 87
60th Bulgaria 85
61st Serbia 85
62nd Mexico 82
63rd Bolivia 79
64th Peru 78
65th Brazil 74
66th Egypt 74
67th Russia 74
68th Tunisia 72
69th Azerbaijan 70
70th Colombia 69
71st Ukraine 66
72nd Turkey 65
73rd Paraguay 64
74th Georgia 63
75th Kazakhstan 62
76th India 61

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:
  • 61: India (cheapest)
  • 100: Czech Republic
  • 296: Bermuda (most expensive)