Cost of Living Ranking by Country

Ranking Country Price Index *
1st Cayman Islands 266
2nd Switzerland 236
3rd Iceland 229
4th Hong Kong 227
5th Bahamas 226
6th Ireland 213
7th Qatar 196
8th Singapore 195
9th Norway 194
10th Luxembourg 193
11th Denmark 184
12th New Zealand 184
13th Australia 179
14th Israel 175
15th Netherlands 173
16th United Kingdom 171
17th Finland 169
18th Japan 166
19th United States 164
20th France 156
21st Austria 155
22nd Sweden 155
23rd Canada 154
24th Germany 149
25th Belgium 147
26th Cyprus 144
27th United Arab Emirates 143
28th Italy 132
29th Panama 125
30th Spain 124
31st Slovenia 123
32nd Bahrain 122
33rd Greece 121
34th Oman 119
35th Taiwan 117
36th Latvia 117
37th Portugal 117
38th Croatia 112
39th Estonia 111
40th Uruguay 110
41st Jordan 105
42nd South Africa 102
43rd Lithuania 102
44th Czech Republic 100
45th Chile 98
46th Costa Rica 97
47th El Salvador 96
48th Saudi Arabia 94
49th Guatemala 90
50th Hungary 89
51st Poland 87
52nd Ecuador 85
53rd Serbia 84
54th Kenya 84
55th Malaysia 83
56th Indonesia 82
57th Mexico 82
58th Morocco 80
59th Dominican Republic 80
60th Romania 80
61st Brazil 77
62nd Vietnam 75
63rd Russia 72
64th Bolivia 71
65th Bangladesh 69
66th Peru 68
67th Colombia 66
68th Ukraine 65
69th Tunisia 65
70th Paraguay 65
71st Egypt 63
72nd Turkey 63
73rd Azerbaijan 62
74th Kazakhstan 60
75th India 56

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:
  • 56: India (cheapest)
  • 100: Czech Republic
  • 266: Cayman Islands (most expensive)

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