OP here.
Methods: Used Numbeo and created a custom basket of estimated needs and desires of a single person spending per month and a family of four (2 adults, 2 kids) per month.
You have to remember that this is in USD. These lists were dominated by Swiss and Japanese cities ~15 years ago simply because the CHF and JPY were so strong relative to the USD. Currently, the CAD is actually really weak, meaning that, if anything, it’s underplaying just how expensive Canadian cities have become.
meatbatmusketeer on
Would rather see monthly cost of living to median income. Currency standardization wouldn’t be necessary and it would be more informative.
starminder on
Bug American cities are expensive. Yes that is quite obvious. How about compare to average or median income to get some useful data.
PleaseGreaseTheL on
Where are my pixels, Summer?
ricochet48 on
Some of these look really off. Chicago in particular is much cheaper… unless you’re pricing in the most expensive ‘green zone’ of living, etc.
hiro111 on
Can this be normalized by PPP? That would get rid of currency fluctuations and make it more accurate.
7 Comments
OP here.
Methods: Used Numbeo and created a custom basket of estimated needs and desires of a single person spending per month and a family of four (2 adults, 2 kids) per month.
Costs include: Restaurants, Groceries, Transportation, Utilities, Sports, Childcare, Clothes and Rent.
You have to remember that this is in USD. These lists were dominated by Swiss and Japanese cities ~15 years ago simply because the CHF and JPY were so strong relative to the USD. Currently, the CAD is actually really weak, meaning that, if anything, it’s underplaying just how expensive Canadian cities have become.
Would rather see monthly cost of living to median income. Currency standardization wouldn’t be necessary and it would be more informative.
Bug American cities are expensive. Yes that is quite obvious. How about compare to average or median income to get some useful data.
Where are my pixels, Summer?
Some of these look really off. Chicago in particular is much cheaper… unless you’re pricing in the most expensive ‘green zone’ of living, etc.
Can this be normalized by PPP? That would get rid of currency fluctuations and make it more accurate.