The Cost of Living Index

The Cost of living rating evaluates how much ordinary living expenses cost in different countries, including food, housing, necessary goods, services, medical insurance and other aspects.

The Cost of Living Ranking by Countries in 2024

The cost of living ranking in various countries is an important tool for comparing the affordability and comfort of different nations. It compares relative prices of housing, consumer goods, restaurants, transportation, and utilities, as well as purchasing power overall in each country. These data help understand which countries are more expensive and which are more affordable.

The index aids in understanding how much more or less residents can afford. When comparing this indicator with average wages, it provides insight into how challenging it might be to maintain a familiar standard of living in a new country. Thus, it enables making a more informed decision about relocating and offers a deeper assessment of the economic situation across different countries worldwide.

RankThe cost of livingUSDLife expectancyyears
1
Pakistan
18.566.10
2
Nigeria
1952.70
3
Libya
21.771.90
422.267.20
5
Afghanistan
23.462.00
6
Kenya
24.661.40
7
Bangladesh
24.872.40
8
Syria
2572.10
9
Madagascar
25.564.50
10
Rwanda
25.866.10
11
Tanzania
26.366.20
12
Ghana
26.663.80
13
Nepal
26.968.50
14
Uzbekistan
26.970.90
15
Iran
2773.90
16
Belarus
27.172.40
17
Kyrgyzstan
27.270.00
18
Paraguay
27.470.30
1927.975.40
20
Bolivia
28.463.60
2128.567.60
2228.770.20
23
Somalia
28.755.30
24
Ukraine
28.971.60
25
Tunisia
28.973.80
26
Algeria
29.576.40
27
Namibia
30.259.30
28
Morocco
30.374.00
29
Iraq
30.470.40
30
Botswana
30.561.10
3130.669.40
32
Vietnam
30.773.60
33
Uganda
30.762.70
34
Malaysia
30.774.90
3530.872.80
36
Azerbaijan
31.269.40
37
Kosovo (Disputed Territory)
31.276.80
38
Peru
31.872.40
39
Sri Lanka
32.376.40
40
Mongolia
32.871.00
41
South Africa
33.462.30
42
Nicaragua
33.473.80
43
Ecuador
33.473.70
4433.669.40
45
Philippines
33.769.30
4633.976.00
47
North Macedonia
34.273.80
48
Fiji
34.367.10
4934.678.20
5034.968.80
51
Bosnia & Herzegovina
35.175.30
5235.272.80
533678.70
54
Zimbabwe
36.859.30
55
Honduras
3770.10
5637.471.70
57
Guatemala
37.669.20
5838.474.20
59
Cambodia
38.569.60
60
Myanmar (Burma}
38.765.70
61
Dominican Republic
38.872.60
623974.20
6339.472.00
64
Venezuela
39.470.60
6539.571.80
66
Cameroon
39.660.30
67
Zambia
39.861.20
68
Mauritius
41.173.60
6941.376.50
70
El Salvador
41.370.70
7141.476.30
7241.678.90
7342.176.50
74
Palestinian Territories
42.273.50
7543.170.20
76
Jordan
43.174.30
77
Ethiopia
43.165.00
78
Kuwait
43.878.70
7944.474.50
80
Oman
44.472.50
81
Côte d’Ivoire
44.758.60
82
Guyana
45.165.70
83
Senegal
45.167.10
84
Mozambique
45.259.30
85
Cuba
45.973.70
8646.177.60
8746.981.00
88
Saudi Arabia
47.476.90
89
Lebanon
47.675.00
90
Panama
47.876.20
9148.174.90
92
Belize
48.470.50
9348.683.00
9448.973.70
95
Taiwan
49.281.00
9649.477.70
9749.880.70
98
Maldives
50.279.90
9950.984.80
10051.173.60
101
Brunei
51.674.60
10252.578.80
103
Trinidad & Tobago
53.373.00
104
Jamaica
53.670.50
105
Estonia
53.677.10
106
Costa Rica
53.977.00
107
Qatar
54.279.30
10854.980.10
109
Uruguay
55.475.40
110
Malta
55.783.80
111
Yemen
56.363.80
112
Macao SAR China
56.885.40
11356.981.20
11457.778.70
11559.682.90
116
Isle of Man
60.480.50
11762.583.00
11863.580.60
11963.781.90
12063.883.70
12164.580.70
122
Netherlands
64.781.70
123
Puerto Rico
64.880.20
12465.282.30
12565.582.60
12666.282.00
12766.982.50
128
Ireland
67.282.00
12967.381.60
13068.182.50
13168.282.70
132
Guernsey
68.282.20
133
Hong Kong SAR China
71.585.50
13474.284.50
135
Jersey
74.980.70
13675.577.20
1377681.40
138
Barbados
79.277.60
13980.183.20
140
Singapore
82.582.80
141
Iceland
86.682.70
142
Bahamas
88.871.60
143
U.S. Virgin Islands
99.174.70
144
Cayman Islands
111.275.10
145114.384.00
146
Bermuda
133.879.30

Top 10 most expensive countries to live in

18.5 USD
19 USD
21.7 USD
22.2 USD
23.4 USD
24.6 USD
24.8 USD
25 USD
25.5 USD
25.8 USD

The most expensive thing now will be to go to live in Bermuda, where on average you need $ 133.8 for one day of life. Housing and goods are very expensive in Bermuda. The application of high taxes and dependence on imported goods make life there very expensive. Switzerland, known for its high cost, was in second place, where the average resident spends $114.3 per day. Switzerland is famous for its high income level and stable economy. And the third place is occupied by the Cayman Islands ($111.2), where there is no approach tax, but everything else is very expensive.

In fourth place is another island state — the Virgin Islands ($99.1), where it is quite difficult to establish logistics of imported goods. The Bahamas ($88.1) and Iceland ($86.6) follow for a similar reason. In seventh place in terms of cost is prosperous Singapore ($82.5), followed by Norway ($80.1), Barbados ($79.2) and Denmark ($76).

Top 10 cheapest countries to live in

Today, the cheapest country to live in is Pakistan ($18.5). Citizens have low salaries, but housing and food prices are also low. A person from almost any country will be able to afford much more in Pakistan than at home. Nigeria is in second place among the cheapest countries ($19), whose economy has been suffering from the "oil needle", the highest corruption and lack of social infrastructure for many years. And Libya is in third place ($21.7), which has experienced political instability and civil war.

This is followed by India ($22.2), known for one of the cheapest labor forces in the world today. It is followed by Afghanistan ($23.4), Kenya ($24.6), Bangladesh ($24.8), Syria ($25), Madagascar ($25.5) and Rwanda ($25.8).

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