Cost of Living Ranking by Country

Ranking Country Price Index *
1st Switzerland 209
2nd Singapore 205
3rd Bahamas 197
4th Cayman Islands 192
5th United States 163
6th Ireland 161
7th Hong Kong 159
8th Denmark 156
9th Australia 153
10th Norway 150
11th United Kingdom 144
12th Luxembourg 142
13th New Zealand 139
14th Netherlands 139
15th Canada 138
16th Qatar 137
17th Finland 128
18th Israel 127
19th Sweden 127
20th Germany 127
21st Belgium 127
22nd France 125
23rd Macao 120
24th Italy 120
25th United Arab Emirates 119
26th Austria 118
27th South Korea 117
28th Malta 117
29th Uruguay 115
30th Japan 109
31st Slovenia 105
32nd Czech Republic 100
33rd Bahrain 98
34th Panama 98
35th Croatia 96
36th Portugal 96
37th Palestinian Territory 96
38th Greece 96
39th Spain 95
40th Costa Rica 93
41st Jordan 92
42nd Slovakia 89
43rd Taiwan 89
44th Mexico 86
45th Chile 84
46th China 82
47th Poland 82
48th Venezuela 81
49th El Salvador 80
50th Hungary 79
51st Brazil 78
52nd Guatemala 77
53rd Mauritius 77
54th South Africa 76
55th Thailand 75
56th Bulgaria 74
57th Ecuador 72
58th Bosnia and Herzegovina 71
59th Philippines 71
60th Paraguay 69
61st Romania 69
62nd Fiji 68
63rd Peru 67
64th Indonesia 66
65th Vietnam 65
66th Colombia 62
67th Malaysia 60
68th Bolivia 59
69th Russia 58
70th India 49

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:
  • 49: India (cheapest)
  • 100: Czech Republic
  • 209: Switzerland (most expensive)

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