A lot of people on this forum have asked, "can you live in XxxXX for XXX amount of money" or some variation of that. Before you travel, it is good to do you research about that city and find out the variables, general information, and how much you money will be worth in that country. Remember a pro international playboy always knows his surrounders and is prepared.
The Major factor to use to determine this is Cost of Living. There are certain indexes that govern and contribute to this factor. For those who don't know, Cost of living is a tool to determine how expensive it is to live in that city, from cost of groceries to renting your own place.
Find out how each city fairs right here: http://www.numbeo.com/cost-of-living/rankings.jsp
The Indexes are as follows:
Consumer Price Excl. Rent Index (CPI): is relative indicator of consumer goods price, including groceries, restaurants, transportation and utilities. CPI Index doesn't include accomodation expenses such as rent or mortgage. If city has CPI index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent).
Rent Index: is estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that price for renting in that city is 80% of price in New York.
Groceries Index: is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses "Markets" section of each city.
Restaurants Index: is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.
Consumer Price Plus Rent Index: is an estimation of consumer goods prices including rent in the city comparing to New York City.
Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that inhabitans of that city with the average salary can afford to buy 60% less typical goods and services than New York City residents with an average salary.
This will save you major time and will definitely help you when making your decision to travel to any location. This will definitely help some of you guys out, especially if you travel on the regular. Besides that have fun and play hard.
The Major factor to use to determine this is Cost of Living. There are certain indexes that govern and contribute to this factor. For those who don't know, Cost of living is a tool to determine how expensive it is to live in that city, from cost of groceries to renting your own place.
Find out how each city fairs right here: http://www.numbeo.com/cost-of-living/rankings.jsp
The Indexes are as follows:
Consumer Price Excl. Rent Index (CPI): is relative indicator of consumer goods price, including groceries, restaurants, transportation and utilities. CPI Index doesn't include accomodation expenses such as rent or mortgage. If city has CPI index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent).
Rent Index: is estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that price for renting in that city is 80% of price in New York.
Groceries Index: is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses "Markets" section of each city.
Restaurants Index: is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.
Consumer Price Plus Rent Index: is an estimation of consumer goods prices including rent in the city comparing to New York City.
Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that inhabitans of that city with the average salary can afford to buy 60% less typical goods and services than New York City residents with an average salary.
This will save you major time and will definitely help you when making your decision to travel to any location. This will definitely help some of you guys out, especially if you travel on the regular. Besides that have fun and play hard.