What are the true measures for you to base whether a country has a high cost of living.?

Question

a cup of rice ?

Answer 1

In non-economic terms:
1. Shelter cost, ie home mortgage/Rent
2. Food, ie eating normal ethnic/location relevant foods. Note that eating meat is considered to be at the upper level/class of living.
3. Transportation, ie from walking, car/bus/train to plane like in the Artic.
4. Clothing, how much in colder regions and little in tropics
5. Healthcare and level of healthcare, some part of the world don't have enough. It is not a problem till you get sick.

6. Fun activities and if they are available.

Generally in areas of the world where wages are low the standard of living is also low. Yes the cost for many of their goods is lower, but so in the quality and availablility.

In short, everything is relative.
High wages = high cost of living
BUT
also can mean high quality of life.

That's why I am staying in expensive USA :)

Answer 2

it quite is better than uk companies yet not that complicated. The British equipment is starting to be extra and extra socialistic via the day. Your NHS is a classic occasion. Socialist classes fee somewhat some funds. Your taxes are severe, and agencies' taxes are severe. agencies pass on their extra expenses to you, by using fact they nevertheless sense as though they could get some income. British executives could make comparable funds to their American opposite numbers. it quite is why your products are high priced. Immigration isn't a significant ingredient in growing to be expenses. If something the immigrants convey your fee of residing down by using fact they do jobs that locals do not % to do. Or the locals could call for extra funds etc. Your exertions tension is extra much less costly as a result. If purely community Brits constituted your exertions tension your products could be 3, 4 instances as lots doubtlessly (or extra) by using extra expenses that agencies could incur. The beneficial bring about terms of expenses that immigrants have on the united kingdom economic equipment (or any eu economic equipment) is a few distance better than the damaging bring about terms of having to conceal their scientific well being insurance expenses, etc. share clever there are numerous extra community Brits draining the unemployment equipment than immigrants. The immigrants could degrade the subculture of Europe yet it quite is a diverse tale. each time a central authority ensures issues to very almost honestly everyone, even the undesirable, the expenses that the undesirable won't be in a position to conceal get exceeded directly to those with funds. not something's for unfastened.

Answer 3

The ratio of GDP measured as purchasing power parity (PPP) to nominal GDP give you a measure of cost of living. For the US it is one. If the number is greater than one the cost of living is low, if the number is less tha one the country has a high cost of living. You can get country data at http://www.nationmaster.com/index.php

Answer 4

a mcdonald's burger?

let see...

I heard japan has the highest living cost.
1 beefburger is 105 yen = US $0.86.
in a third world country (such as mine) 1 mcDonalds burger costs Rp.5000 = $0.50

Also, number of birth-rates could be an indicator. Countries with higher living costs have low birthrates due to the fear of high expenses it might cost to raise a child.

Answer 5

An electrical line to your hose, heat and air conditionig and indoor plumbing. Plus clean water that comes out of your tap.

Answer 6

Big Mac divided by average annual salary.