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Author Topic: Cost of Living Comparison  (Read 793 times)
TokensandCoins
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March 21, 2018, 07:55:12 AM
 #1

Let's discuss where to live
Using this tool you can compare cost of living and it's indicators (Cost of Living index, Cost of Living Plus Rent Index, Groceries Index, Restaurants Index, Local Purchasing Power and etc.) for two cities supported by our dataset.
https://www.numbeo.com/cost-of-living/comparison.jsp
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March 21, 2018, 05:07:57 PM
 #2

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

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March 21, 2018, 06:10:18 PM
 #3

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

The cost of living is actually affecting a happy state of certain persons in most cases. If people don't have enough of financial stability which will provide the security for a life they also cannot enjoy that same life.

Those countries with the high cost of living actually have the higher standards so someone from a different country cannot consider his/her move to that country if he doesn't have the steady work there.

Happiness is connected with the financial situation and no one cannot deny that. There are few cases where the rich people are not happy with all their wealth but that are only a few cases where the certain people have low morale and will.

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March 21, 2018, 10:23:07 PM
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 #4

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

The cost of living is actually affecting a happy state of certain persons in most cases. If people don't have enough of financial stability which will provide the security for a life they also cannot enjoy that same life.

Those countries with the high cost of living actually have the higher standards so someone from a different country cannot consider his/her move to that country if he doesn't have the steady work there.

Happiness is connected with the financial situation and no one cannot deny that. There are few cases where the rich people are not happy with all their wealth but that are only a few cases where the certain people have low morale and will.

Come on, you don't think you can be happy without money? Tell that to the people who live in slums. Being happy is not to do with what you have, it's how you perceive what you have. Just like bitcoin's worth is only defined by the value people assign to it.

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March 21, 2018, 10:35:40 PM
 #5

Wow! Its amazing how can it be so expensive in my place compared to other richer countries. Though it is a lot expensive here i noticed the food is still more affordable. Anyway i dont have a choice, i am living here so i need to bear with the cost of livng in this country

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March 21, 2018, 10:58:12 PM
 #6

Cost of living depends upon the location, season and status of living.
1. Location- urban areas are more sophisticated than the rural areas. The more a place is industrialised, the more the cost of living is high!
2. Season- it affects the cost of individual, we can say that there is a great demand during rainy days in umbrella and ice cream in a sunny day. And we can say that a lot of people are more costly during Christmas season.
3. Status of living- the more you have a high income salary, the more sophisticated your life is.
There are reasons that affect our cost of living but they are just a factor. The cost of living depends upon the person who used up his money or salary in a wise way.

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March 21, 2018, 11:01:44 PM
 #7

Come on, you don't think you can be happy without money? Tell that to the people who live in slums. Being happy is not to do with what you have, it's how you perceive what you have. Just like bitcoin's worth is only defined by the value people assign to it.
Are people in slums generally happier than people with appartement/house, car etc.? I don't think so. Also not having a job makes unhappy, I guess most people in slums don't have a job.

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March 21, 2018, 11:12:51 PM
 #8

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

Spot on. Simply looking to find the cheapest place to live is probably not a good way to go about it, as there are definitely reasons those places are so cheap, namely no one wants to live there.

Look at high cost cities in the US, sure the so called "cost of living" might be high, but then so are the wages and opportunities. I don't mind paying 50% of my income for living expenses if I am making $250k a year.

People put too much emphasis on housing costs where everything else I need is the same prices as it is in other locations. So while my housing expenses may be higher, since I also have a correspondingly higher salary than I can find elsewhere, my other costs are essentially a smaller portion of that salary.

For example, I want to buy 1 BTC it will cost me around $9k. With my $250k salary this represents only 3.6% of my salary, where as I lived somewhere with a cheaper cost of living and my salary was half, say $125k then the same Bitcoin would consume 7.2% of my income.
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March 21, 2018, 11:18:01 PM
 #9

Come on, you don't think you can be happy without money? Tell that to the people who live in slums. Being happy is not to do with what you have, it's how you perceive what you have. Just like bitcoin's worth is only defined by the value people assign to it.
Bravo, bro.  I didn't exactly grow up dirt poor, but there was definitely not enough money for a lot of extras--toys, clothes, bicycles, etc., so I had to do without a lot of the fun stuff kids tend to enjoy.  But I made do, and the biggest factor of whether I derived pleasure out of something was my own imagination.  There were no smartphones when I was a child, and I didn't own a video game console until my late teenage years.  Anyway, my point is that I agree that money does not equate with happiness.   

There are extremely rich individuals who live in their own private hell, and all the money in the world does nothing to assuage their pain.  I've met quite a few such people.  Their money ends up owning them.

Right now I've got enough dough to live just how I'd like to live.  I'm not wealthy by United States standards by a long shot, but I have everything I need and a lot of the things I want.  I just bought a beautiful gold-plated fountain pen for $140, and it's been exceeding my expectations and keeping me very amused and satisfied throughout the day.  I don't need big expensive things to keep me happy.  Those are all external solutions to what amounts to an internal problem if that's what you need to be happy.


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March 21, 2018, 11:33:32 PM
 #10

many times this comparisons are right in numbers but when you go there and experience those costs in real they may seem very different because those calculations are made by considering only some factors but there are many many others outside.

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March 22, 2018, 01:56:50 AM
 #11

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.
if we discuss the cost of living, every person, every city, even every country is different, from the start of work, income and lifestyle, depending on where we are and what work, never we compare with what is clear because it is completely different

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March 22, 2018, 02:25:23 AM
 #12

Cost of living is a big factor to everyone of us. People do working hard and striving for having a better and happy life. In every single day of us that still existing in this world, we are truly responsible to gathered a better profit or income for us to support our financial needs. It's not really matter if where you are living, it's a matter of how will you strive for you to have a better life. I believe that the most important weapon to have a happy and successful life today and into the future is to have a full determination and dint in every single moment that you are living in this world.


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March 22, 2018, 07:18:47 PM
 #13

depending on what country we live in, because each country's cost of living is not the same, it can be seen from the regional minimum wages of each region vary.
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March 22, 2018, 07:25:28 PM
 #14

This comparison will just cause people to be conscious and envious when they see other countries have a lower cost of living but as i have observed, those people having a higher cost of living are also getting fair salary compared to those countries  having a cheaper commodities. Those with lower cost of living are also getting lower minimum salaries which also match their cost of living.

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March 22, 2018, 07:43:59 PM
 #15

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

The cost of living is actually affecting a happy state of certain persons in most cases. If people don't have enough of financial stability which will provide the security for a life they also cannot enjoy that same life.

Those countries with the high cost of living actually have the higher standards so someone from a different country cannot consider his/her move to that country if he doesn't have the steady work there.

Happiness is connected with the financial situation and no one cannot deny that. There are few cases where the rich people are not happy with all their wealth but that are only a few cases where the certain people have low morale and will.

Come on, you don't think you can be happy without money? Tell that to the people who live in slums. Being happy is not to do with what you have, it's how you perceive what you have. Just like bitcoin's worth is only defined by the value people assign to it.
It seems to me that slum dwellers need to be asked why they live like this and what they have done to live better? Man himself is to blame in their problems. I often see the poor begging. But these same poor people vote for politicians who brought the country's economy to such a state. Our living conditions are the price we paid for what we did or didn't do.

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March 22, 2018, 07:56:56 PM
 #16

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

The cost of living is actually affecting a happy state of certain persons in most cases. If people don't have enough of financial stability which will provide the security for a life they also cannot enjoy that same life.

Those countries with the high cost of living actually have the higher standards so someone from a different country cannot consider his/her move to that country if he doesn't have the steady work there.

Happiness is connected with the financial situation and no one cannot deny that. There are few cases where the rich people are not happy with all their wealth but that are only a few cases where the certain people have low morale and will.

Come on, you don't think you can be happy without money? Tell that to the people who live in slums. Being happy is not to do with what you have, it's how you perceive what you have. Just like bitcoin's worth is only defined by the value people assign to it.

I don't quite understand what your point is. Do you want to say that people living in slums are happy? Some of them may well be, but most will readily change their surroundings for something better if given an opportunity. Let's not be hypocrites here. Your well-being is determined by how wealthy you are. There are outliers, of course, but they just prove the general rule, which can be summarized as follows: most people would be happier if they had more money in their pocket.



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Renampun
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March 22, 2018, 07:58:35 PM
 #17

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

The cost of living is actually affecting a happy state of certain persons in most cases. If people don't have enough of financial stability which will provide the security for a life they also cannot enjoy that same life.

Those countries with the high cost of living actually have the higher standards so someone from a different country cannot consider his/her move to that country if he doesn't have the steady work there.

Happiness is connected with the financial situation and no one cannot deny that. There are few cases where the rich people are not happy with all their wealth but that are only a few cases where the certain people have low morale and will.
I am grateful to live in a country that is not too big to give taxes to its citizens, and to be honest, the cost of electricity, rent a house and eat, is still affordable people whose economy is middle to low..

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March 22, 2018, 08:57:13 PM
 #18

Let's discuss where to live

Interesting topic. As far as I know, states in the USA like arizona offer lowest cost of living. Then there are states like texas and florida which do not implement a state level income tax. There are potential positive points in terms of cost of living comparison shopping. But there could be other unfortunate negatives associated with some of those positives which could outweigh them.

Regional comparisons aside, one interesting data point is the average cost of living increasing at a far greater rate than wages which could eventually result in an "unsustainable" scenario where a decent percentage of the population inevitable end up in a dead end scenario where they're unable to sustain themselves financially.

There could be a massive bubble in the making where the price of basic necessities like rent and food are inflating at a rate too quick to be sustained and eventually we'll see a massive bust cycle occur when prices are forced to decrease to maintain consistent demand.

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March 22, 2018, 10:31:32 PM
 #19

depending on what country we live in, because each country's cost of living is not the same, it can be seen from the regional minimum wages of each region vary.
The cost of living depends very much on the average GDP of the country or region you live in. In large cities cost of living will be higher and vice versa in rural areas, the cost is quite low. Choose the right place to live with your income to have a better life.

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March 22, 2018, 11:36:50 PM
 #20

Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.

Spot on. Simply looking to find the cheapest place to live is probably not a good way to go about it, as there are definitely reasons those places are so cheap, namely no one wants to live there.

Look at high cost cities in the US, sure the so called "cost of living" might be high, but then so are the wages and opportunities. I don't mind paying 50% of my income for living expenses if I am making $250k a year.

People put too much emphasis on housing costs where everything else I need is the same prices as it is in other locations. So while my housing expenses may be higher, since I also have a correspondingly higher salary than I can find elsewhere, my other costs are essentially a smaller portion of that salary.

For example, I want to buy 1 BTC it will cost me around $9k. With my $250k salary this represents only 3.6% of my salary, where as I lived somewhere with a cheaper cost of living and my salary was half, say $125k then the same Bitcoin would consume 7.2% of my income.

Exactly, there is so much more that comes in to it. Somewhere with a cheap cost of living may be ideal for some people and many of those people will exist within crypto, those are the guys who work for themselves and their income is not dependent on location. But there's a reason that the highest paying jobs are in certain places and in turn the cost of living in these places is much higher. I lived in Switzerland for a while and was in fact not working, even though my cost of living was much higher I could easily see why people were so much happier, the average person earned so much, a simple store cashier could earn more than $4000 per month, all taxes and such were put to very good use etc.

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