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Collaborative international cost-of-living index

expatistan.com

31–40 of 84 posts

Re: Collaborative international cost-of-living index

#31

Wherever numbeo and expatistan get their data, it's utterly hilarious that the summaries rank San Jose CA about the same as Valanecia/Alicante Spain. Let me just say, there is an absolutely ludicrous error somewhere.

It probably doesn't factor in currency conversion (i.e., it's likely based on how many USD are spent and ignores the fact that you're making EUR in Alicante).

Just a thought at least.

Re: Collaborative international cost-of-living index

#32

You're comparing cost of living without taking into account median salaries? I don't think any comparison is complete without some sort of salary survey.

I agree that median salaries data would be nice to have, but I believe that a lot of people have use-case in the lines of "I consider moving from city A to city B. In city A my earnings are XYZ. How much would I have to earn in city B to maintain same quality of life?"

Re: Collaborative international cost-of-living index

#34
post #27

Can this be repurposed as an independent price index/measure of inflation? That is, independent of the World Bank/governments and government-funded economic bodies, which could be useful

This seems to be deliberately targeting "expat prices", which can often diverge significantly from the local cost of living. For example the price for a furnished month-to-month-rent corporate apartment lease does not necessarily track the regular housing market. It might be useful for something, but I would be careful about using expat lifestyles to generalize about a region's economy.

Re: Collaborative international cost-of-living index

#35
post #25

It would be even better if you could input what you spend your money on. E.g. if someone buys a lot of alcohol, then the cost of living depends more on the alcohol tax.

I think this might be a hopeless exercise, since the things you spend money on are often dependent on where you live. If you live in London vs San Francisco you will eat differently, dress differently and spend your time doing different things.

Re: Collaborative international cost-of-living index

#36
post #26

Would be nice to take into consideration Sales Tax, Income Tax and Property Taxes. In the states it can be fairly misleading if you ignore these factors as some states have no personal income tax as an example and others have crazy sales tax and personal income tax combined with property tax. All these drain a persons resources when they move from one locale to another. Not sure how to capture "soft" stuff like healt…

There are other websites for those things.

I would prefer this one focused on doing what it does right.

Re: Collaborative international cost-of-living index

#37
post #26

Would be nice to take into consideration Sales Tax, Income Tax and Property Taxes. In the states it can be fairly misleading if you ignore these factors as some states have no personal income tax as an example and others have crazy sales tax and personal income tax combined with property tax. All these drain a persons resources when they move from one locale to another. Not sure how to capture "soft" stuff like healt…

And projected earnings

numbeo.com has that (but Expatistan's display of price in both currencies is nice)

Re: Collaborative international cost-of-living index

#38
post #15

You're comparing cost of living without taking into account median salaries? I don't think any comparison is complete without some sort of salary survey.

I get this comment a lot. I agree that it makes sense to compare also local salaries to see which city is the cheapest one to live in as an employee. However, Expatistan is not about finding cheap cities to work in. It's about comparing cost-of-living, independently of your income. Expats are usually not linked to average local salaries in any meaningful way, anyway. I explain it much better in the website: http://ww…

While actual salary might not be interesting, how much taxes will affect your gross income is. Tax rules are often very convulted. If you collected gross salary and received salary after taxes numbers, that'd be a great resource. I've moved abroad and all you get usually is vague statements about tax pressure (ie. asking a range of people you get wildly different answers). Often this is related to your income level in non-obvious ways as well. A table for each city with mapping from gross income -> income after tax would be very helpful.

Re: Collaborative international cost-of-living index

#39
post #2

This looks very similar to http://www.numbeo.com which was also created in 2009. Is it the same data?

When living in a city that has niche, but no general, name recognition, a friend and I were taken for dinner, a very nice dinner, by a lady who worked for an international relocation consultancy. This was in 2008/2009. She politely, and professionally, refused to disclose the name of her company and of her company's client. Her job was to fly somewhere twice a month, anywhere in the world, meet English speakers ovr dinner, walk around shops with a camera, and write quantitative and qualitative reports of her findings.

The questions and purchase options in this crowd sourced list are extremely similar to the 'basket of goods' she was seeking. Prices are also pretty similar to 2008/2009 but a bit askew from today (particularly food, which over the past 5 years has experienced significant inflation).

Was there a surge of this type of information collection at the time (I can't recall anything of note online), or has a relocation / relocation-type consultancy released past data?

Re: Collaborative international cost-of-living index

#40
post #16

Once again asking about "expats", which just means "rich immigrant". You could get totally different answers if you were asking for "main immigrant part of $CITY". The survey to collect data even says "Do not enter prices that can only be found .. in [e]specially cheap neighborhoods", which usually means "immigrant".

Rich expats are pretty much by definition not "immigrants", they're usually visiting for a few years with a fat "expat package" courtesy of the company. But these are increasingly a dying breed, and most expats are neither fat cat expats nor dirt-poor refugees, but somewhere in the middle. Also, much of the calculator asks for things like a liter of gas or a bottle of Coke, whose price is not going change radically n…

Also, much of the calculator asks for things like a liter of gas or a bottle of Coke, whose price is not going change radically no matter where you shop.

Not necessarily. There is a Big Mac Index[1], that looks at the price of a Big Mac from McDonalds, which shows that the price of a very standard product (a Big Mac) can vary by location.

[1] https://en.wikipedia.org/wiki/Big_Mac_Index

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