Cost of daily necessities

Comparison of worldwide cost of living

Living ist most expensive in the Bermudas and cheapest in Tajikistan. In our ranking of 111 countries all around the world the USA comes 20th.

The cost of living are periodically calculated in nearly representative baskets of consumer goods. But many factors are complicating a worldwide comparison. E.g. a typical apartments dont have a standard size nor fittings. Even the quality of a branded packet of butter isn't the same in the Third World. Consequently, comparisons like this have to to be accepted with caution.

In addition, the level of the prevailing average income should play a role in a cost comparison.

Cost of living and purchasing power related to average income

We adjusted the average cost of living inside the USA (based on 2021) to an index of 100. All other countries are related to this index. Therefore with an index of e.g. 80, the usual expenses in another country are 20% less then inside the United States.

The monthly income (please do not confuse it with a wage or salary) is calculated from the gross national income per capita.

The calculated purchasing power index is again based on a value of 100 for the United States. If it is higher, people can afford more based on the cost of living in relation to income. If it is lower, so the population is less wealthy.

The example of Switzerland:
With a cost of living index of 145 all goods are on average about 45 percent more expensive than in the USA. But the average income in Switzerland of 6885 USD is also 29% higher, which means that citizens can also afford more goods. Now you calculate the 45% higher costs against the 29% higher income. In the result, people in Switzerland can afford about 11 percent less than a US citizen.

RankCountrycost indexØ Monthly incomePurchasing power index
1Bermuda157.69,353 USD111.1
2Switzerland144.76,885 USD89.0
3Cayman Islands138.05,333 USD72.3
4Israel132.53,551 USD50.1
5Iceland126.95,201 USD76.7
6New Caledonia125.81,101 USD16.4
7Turks and Caicos Islands124.62,521 USD37.9
8Norway123.86,524 USD98.6
9Barbados121.51,196 USD18.4
10Denmark121.15,251 USD81.1
11Ireland120.65,479 USD85.0
12Australia117.84,473 USD71.1
13New Zealand114.33,463 USD56.7
14Luxembourg114.06,759 USD111.0
15Sweden109.84,504 USD76.7
16Finland109.34,150 USD71.1
17United Kingdom107.53,319 USD57.8
18Canada105.53,628 USD64.3
19Japan103.73,363 USD60.7
20United States100.05,345 USD100.0
21Netherlands99.84,256 USD79.8
22Belgium98.23,817 USD72.7
23France97.53,292 USD63.2
24Austria96.74,030 USD78.0
25Germany92.13,960 USD80.4
26Italy87.32,697 USD57.8
27South Korea84.62,744 USD60.7
28Spain84.12,280 USD50.8
29Hong Kong77.94,053 USD97.3
30Portugal77.11,818 USD44.1
31Greece76.11,496 USD36.8
32Singapore75.04,577 USD114.1
33Macao75.06,308 USD157.4
34United Arab Emirates72.33,284 USD84.9
35Qatar71.44,666 USD122.3
36Czechia68.41,839 USD50.3
37China63.2879 USD26.0
38Chile61.81,123 USD34.0
39Croatia61.11,211 USD37.1
40Costa Rica57.7961 USD31.2
41Hungary56.01,324 USD44.2
42Equatorial Guinea55.9484 USD16.2
43Mexico53.0707 USD25.0
44Albania52.6434 USD15.4
45Iran52.4247 USD8.8
46Ecuador51.9461 USD16.6
47Montenegro51.7658 USD23.8
48Serbia50.6619 USD22.9
49Brunei50.42,626 USD97.5
50Poland50.21,272 USD47.4
51Peru48.7503 USD19.3
52El Salvador48.6303 USD11.6
53Bulgaria47.4803 USD31.7
54South Africa47.1501 USD19.9
55Romania47.11,050 USD41.7
56Brazil46.9654 USD26.1
57Dominican Republic45.8605 USD24.7
58Morocco45.0252 USD10.5
59Jordan45.0359 USD14.9
60Fiji44.6408 USD17.1
61Saudi Arabia44.51,828 USD76.9
62North Macedonia44.0479 USD20.4
63Mauritius43.3853 USD36.8
64Senegal42.7119 USD5.2
65Eswatini42.7284 USD12.4
66Ivory Coast42.7190 USD8.3
67Kenya42.3153 USD6.8
68Cameroon41.9127 USD5.7
69Timor-Leste41.9166 USD7.4
70Philippines41.3286 USD13.0
71Kosovo41.0370 USD16.9
72Colombia40.9483 USD22.1
73Bangladesh39.0169 USD8.1
74Malaysia38.8881 USD42.5
75Paraguay38.6432 USD20.9
76Benin38.6107 USD5.2
77Moldova38.5380 USD18.5
78Thailand38.4587 USD28.6
79Ghana37.3195 USD9.8
80Iraq36.8390 USD19.8
81Cambodia36.6125 USD6.4
82Bolivia36.2265 USD13.7
83Russia36.2891 USD46.1
84Nicaragua35.8154 USD8.1
85Indonesia35.4323 USD17.0
86Mongolia35.3312 USD16.5
87Suriname35.0385 USD20.6
88Vietnam34.5221 USD12.0
89Armenia33.8352 USD19.5
90Laos33.5210 USD11.7
91Nigeria33.5167 USD9.3
92Kazakhstan33.1726 USD41.0
93Georgia32.2355 USD20.6
94Tunisia30.9275 USD16.6
95Bhutan30.0237 USD14.8
96Ukraine29.9298 USD18.6
97Algeria29.9298 USD18.6
98Azerbaijan29.8373 USD23.5
99Sri Lanka29.8310 USD19.5
100Turkey29.3754 USD48.1
101India28.7160 USD10.4
102Nepal28.199 USD6.6
103Zambia27.297 USD6.7
104Egypt27.0250 USD17.3
105Burma27.0113 USD7.8
106Pakistan25.8106 USD7.7
107Ethiopia24.574 USD5.7
108Kyrgyzstan23.798 USD7.7
109Angola23.0178 USD14.5
110Tajikistan22.888 USD7.2

The calculated cost of living index is based on the OECD, the Worldbank, the IMF and Eurostat figures and has been completed by our own researches. It does not take into account the differences between poverty and wealth, as well as prices for goods that do not belong to normal needs. Therefore this list should be regarded as a mathematical theorem. Whether it is realistic to survive with a purchasing power index of 5.2 (Benin) does not matter in this table. This would correspond to about one-19th of the purchasing power inside the US.

Quality of life in relation to cost of living

Cost of daily necessitiesIn the search for a potential adopted country, the cost of living usually has the highest priority. However, other factors such as medical care or political stability should also be taken into account. In a further evaluation we compare numerous factors of different countries in order to derive a ranking for the quality of life.

Other indices

There are some other indices, e.g. the study of the swiss bank UBS issued about every 3 years or of the EDA (Federal Departement of Foreign Affairs). Both studies refer only to some few and usually large cities in which UBS and Switzerland have a representation.
Comparison: average incomeAverage income around the worldA comparison of the average income per capita over 69 countries worldwide
Comparison: quality of lifeQuality of life in country comparisonCompare the quality of life around the globe: In which countries is life pleasant, safe and healthy?
tax havensList of the world's most notorious tax havensTax havens magically attract money and hide it from the tax authorities. Even in the middle of Europe and the USA.