What does the cost of living index measure?

It compares the relative cost of consumer goods, housing, transportation, and groceries across countries, using New York City (100) as the baseline.

Which country has the highest cost of living?

Switzerland, Bermuda, and Norway consistently rank as the most expensive countries, with indices above 100.

Which countries have the lowest cost of living?

Pakistan, India, and several African nations have the lowest cost of living indices, typically below 25.

Global Average Cost of Living Index

Last updated: January 28, 2026

42.5

index

The global average cost of living index is approximately 42.5, using New York City as the baseline (100). Switzerland, Bermuda, and Norway have the highest costs, while Pakistan, India, and Nigeria are among the lowest.

Historical Trend

Source: Numbeo

Why This Average Exists

The cost of living index enables meaningful salary comparisons across countries by accounting for local prices of goods, housing, and services.

Factors That Affect Global Average Cost of Living Index

Housing costs
Food prices
Transportation
Healthcare costs
Currency exchange rates
Local taxes

Frequently Asked Questions

Methodology & Data Sources

The data presented on this page is compiled from publicly available datasets published by international organizations including the World Bank, World Health Organization (WHO), International Labour Organization (ILO), United Nations, NASA, and national statistical agencies.

Global averages are calculated using population-weighted or arithmetic means depending on the metric. Country-level data reflects the most recent available figures, typically from 2024–2024. Where gaps exist, the latest available data point is used.

All figures are subject to revision as source organizations update their datasets. For the most authoritative data, we encourage consulting the original sources linked in the table above.