How does the cost of living compare b/w Beijing and NYC? Actual figures would help.?

Question

For instance, if I was making US $100,000 in NYC, how much would I have to make in Beijing to enjoy the same standard of living?

Answer 1

Here is cost of living report for world cities with some information about housing cost. http://www.finfacts.com/costofliving.htm
It says the cost of living is about the same in NYC and Beijing in 2006.

Answer 2

It doesn't quite work that way. In a way it's comparing apples and oranges.

In Asia, getting a car and having your rent paid is often part of the pay package. You also usually get paid once a month.

As for discretionary spending, everyone is different. Electronics are a lot cheaper in China, but when I lived there it was "expected" that I would eat out with others for lunch and supper a lot. It was a way of maintaining social relationships. The food in restaurants was cheaper, but some items bought at the market to eat at home were more expensive.

You may need $300,000 or only $30,000 to have the same lifestyle, no one can answer that question but you. But if you have a chance to go I highly recommend it.

Answer 3

With the same amount of money you could live a way better life in Beijing cause the price for almost everything is cheaper.

You could live decently with $50,000 in Beijing per year.