I am interested in the cost of living difference.
2006-06-11 04:00:08 · 12 answers · asked by puddingpop77 3 in Politics & Government ➔ Immigration
This is not exactly what you ask, but maybe it will help you.
It is the Big Mac Index. Is not a joke. I give you first the explanation:
Burgernomics is based on the theory of purchasing-power parity, the notion that a dollar should buy the same amount in all countries. Thus in the long run, the exchange rate between two countries should move towards the rate that equalises the prices of an identical basket of goods and services in each country. Our "basket" is a McDonald's Big Mac, which is produced in about 120 countries. The Big Mac PPP (purchasing-power parity) is the exchange rate that would mean hamburgers cost the same in America as abroad. Comparing actual exchange rates with PPPs indicates whether a currency is under- or overvalued.
The Bic Mac in the USA is 3.10 U.S.$ and in Australia 2.44 U.S.$ (or 3.25 Aus.$), so you have a -21% in Australia.
2006-06-11 13:02:29 · answer #1 · answered by Hermes 1 · 0⤊ 0⤋
I'm not sure if you are asking about currency rates or about whether if you lived here and made $20 an hour, say, that $20 US would buy as much here as that $20 in Australia.
The problem is, I don't know how much things cost in Australia, since I've only bought things from there on ebay. A grande skim latte at Starbucks costs about $3 US. I was going to say a normal new CD costs $20, but they vary a lot. Different parts of the US cost a whole lot less than others when it comes to groceries. Gas is about $3.30 per unleaded regular gallon, at the moment, in southern California. However gas is more expensive here because of the formulation requirements for cleaner air fuels.
2006-06-11 11:12:24 · answer #2 · answered by DAR 7 · 0⤊ 0⤋
Depending on where you live that 20 ASD will stretch and it may not. The exchange rate right now can be looked at at www.xe.com, its updated every minute. Its around 15 dollars per hour US. Sydney and Melbourn is expensive to live in and the 20 dollars would be good but you wont be living like a queen.
Imagine making 20 dollars per hour but living in NYC of San Deigo, it doesnt go that far, but it lets you live and you have some money for entertainment. That is what Sydney and Melbourn will be like.
If you move to Perth, or pretty much anywhere on the West coast, that 20 dollars will be like living in Oregon, or Florida. Not bad, and you will have extra money.
Move to central Australia and its like making 50 dollars an hour living in Kansas, you will be LOADED.
2006-06-11 11:06:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ok great question...
here is your answer..using Reuters.com I looked up the current differntial between the cost of 1 Us dollar and 1 Dollar Aust.
1/0.7482 multiplying that time 20 i got $14.964 so the answer is....
$14.96 Dollars an hour in the US.
2006-06-11 11:06:50 · answer #4 · answered by no way! 1 · 0⤊ 0⤋
Check it out on the Yahoo dollar converter tool.
2006-06-12 01:25:15 · answer #5 · answered by Daisy 6 · 0⤊ 0⤋
$15.20 Aus. = $20.00 USD June 2006
2006-06-17 19:47:00 · answer #6 · answered by AL 6 · 0⤊ 0⤋
They don't pay you money in Austraillia-they pay you with dingos!!! ( : Two dingos=20 U.S. dollars!!
2006-06-11 11:12:06 · answer #7 · answered by SidTheKid 5 · 0⤊ 0⤋
due to currency fluxuation it is 10-15$ us.
2006-06-11 11:04:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋
well if u make 20aud/hr in AUS = u make 12usd/hr in US
living life.
2006-06-16 14:25:14 · answer #9 · answered by sodan 3ll 4 · 0⤊ 0⤋
http://www.xe.com/ucc/
This website is a currency conversion site.
It does all currency.
2006-06-11 11:07:52 · answer #10 · answered by J W 3 · 0⤊ 0⤋