Cost of Living Ranking by Country

Ranking Country Price Index *
1st Cayman Islands 279
2nd Hong Kong 259
3rd Switzerland 252
4th Iceland 225
5th Singapore 218
6th Ireland 206
7th Norway 196
8th Luxembourg 196
9th New Zealand 195
10th Israel 189
11th Australia 183
12th Qatar 183
13th Denmark 179
14th United States 178
15th Netherlands 178
16th United Kingdom 174
17th Malta 169
18th Japan 168
19th Canada 160
20th Sweden 158
21st Germany 155
22nd France 155
23rd United Arab Emirates 152
24th Belgium 151
25th Italy 132
26th Panama 130
27th Spain 123
28th Portugal 122
29th Taiwan 122
30th Uruguay 121
31st Greece 120
32nd China 118
33rd Latvia 118
34th Jordan 110
35th Estonia 110
36th Croatia 109
37th Costa Rica 105
38th Lithuania 105
39th Thailand 103
40th Guatemala 102
41st Czech Republic 100
42nd Saudi Arabia 98
43rd Venezuela 98
44th South Africa 97
45th Chile 91
46th Hungary 90
47th Poland 88
48th Malaysia 87
49th Dominican Republic 86
50th Ecuador 86
51st Kenya 85
52nd Mexico 82
53rd Indonesia 81
54th Morocco 81
55th Vietnam 80
56th Romania 80
57th Russia 80
58th Brazil 75
59th Paraguay 73
60th Ukraine 72
61st Kazakhstan 70
62nd Azerbaijan 69
63rd Peru 69
64th Colombia 68
65th Egypt 68
66th India 58
67th Turkey 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: Turkey (cheapest)
  • 100: Czech Republic
  • 279: Cayman Islands (most expensive)

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