Cost of Living Ranking by Country

Ranking Country Price Index *
1st Bermuda 275
2nd Switzerland 237
3rd Hong Kong 222
4th Bahamas 213
5th Ireland 208
6th Norway 204
7th Luxembourg 189
8th Singapore 188
9th Australia 187
10th United Kingdom 185
11th Netherlands 185
12th Denmark 184
13th New Zealand 184
14th Israel 180
15th Qatar 179
16th Japan 173
17th Finland 172
18th France 166
19th Sweden 165
20th United States 163
21st South Korea 160
22nd Canada 156
23rd Germany 154
24th Belgium 153
25th United Arab Emirates 148
26th Austria 144
27th Malta 143
28th Cyprus 134
29th Italy 134
30th Spain 129
31st Estonia 126
32nd Slovenia 124
33rd Puerto Rico 122
34th Bahrain 122
35th Greece 118
36th Portugal 118
37th Lithuania 114
38th Panama 112
39th Croatia 110
40th Uruguay 109
41st Jordan 106
42nd Mauritius 104
43rd Thailand 100
44th Czech Republic 100
45th Chile 99
46th China 98
47th Costa Rica 95
48th South Africa 93
49th El Salvador 92
50th Philippines 92
51st Hungary 91
52nd Kenya 90
53rd Poland 88
54th Indonesia 85
55th Malaysia 85
56th Ecuador 84
57th Guatemala 84
58th Mexico 81
59th Romania 80
60th Serbia 80
61st Bulgaria 78
62nd Brazil 73
63rd Peru 73
64th Bolivia 72
65th Russia 71
66th Colombia 71
67th Turkey 68
68th Tunisia 68
69th Egypt 67
70th Azerbaijan 63
71st Paraguay 60
72nd Ukraine 59
73rd Kazakhstan 59
74th India 56
75th Georgia 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: Georgia (cheapest)
  • 100: Czech Republic
  • 275: Bermuda (most expensive)

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