Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 243
2nd Singapore 231
3rd Cayman Islands 215
4th Switzerland 204
5th Bahamas 199
6th Hong Kong 185
7th Ireland 175
8th United States 170
9th Denmark 166
10th Australia 161
11th Norway 157
12th Netherlands 156
13th Luxembourg 156
14th Qatar 151
15th Israel 151
16th United Kingdom 148
17th New Zealand 147
18th Canada 142
19th Germany 141
20th Finland 139
21st United Arab Emirates 136
22nd Belgium 134
23rd Japan 134
24th Sweden 132
25th Macao 130
26th France 129
27th South Korea 127
28th Austria 126
29th Malta 125
30th Uruguay 119
31st Panama 115
32nd Kuwait 115
33rd Italy 114
34th Costa Rica 114
35th Dominican Republic 113
36th Palestinian Territory 111
37th Bahrain 109
38th Portugal 104
39th Spain 103
40th Slovakia 100
41st Czech Republic 100
42nd China 100
43rd Greece 100
44th Jordan 99
45th Taiwan 97
46th Chile 97
47th Venezuela 90
48th Thailand 88
49th Guatemala 87
50th El Salvador 85
51st Guyana 85
52nd Bosnia and Herzegovina 85
53rd Serbia 85
54th Cambodia 84
55th Poland 83
56th Hungary 83
57th Mexico 81
58th Mauritius 81
59th Brazil 79
60th Ecuador 78
61st Bulgaria 78
62nd Vietnam 76
63rd Philippines 76
64th Fiji 75
65th Romania 74
66th Russia 72
67th Indonesia 71
68th South Africa 71
69th Malaysia 70
70th Kenya 70
71st Peru 68
72nd Bolivia 65
73rd Colombia 57
74th Kosovo 56
75th India 50
76th Egypt 45

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:
  • 45: Egypt (cheapest)
  • 100: Czech Republic
  • 243: Bermuda (most expensive)

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