Global Cost of Living Reshuffle: Where Is Your Salary Worth the Most?
Recently, I came across a comparison of the cost of living in 50 countries and discovered an interesting phenomenon - **cheap does not equal good living**.
On the surface, rent in Russia and Venezuela seems ridiculously cheap (monthly rent of $354-558), but the purchasing power is at a hellish level (purchasing power index only 12.4-40.9), meaning that wages are painfully low.
**The truly comfortable places** are countries like this: - 🇸🇬 Singapore: Rent is $3016/month, but purchasing power is 95.6 (close to US level) - 🇦🇺 Australia: Purchasing power 110.9, ranking in the top 6 globally. - 🇩🇪 Germany: The cost of living is 10% cheaper than in the United States, and purchasing power is actually 3% higher.
**The worst choice**: - 🇱🇧 Lebanon: Rent is cheap ($558), but purchasing power is only 22.7, equivalent to a 10% cut in wages. - 🇳🇬 Nigeria: Costs are 42% cheaper, but purchasing power is only 8.4
**High Tax Trap**: Switzerland 40%, Netherlands 49.5%, Austria 55%... These countries may seem inexpensive, but one tax quarter will make you understand what "false prosperity" really means.
**Conclusion**: When choosing a place to live, you can't just look at rent and food prices; you have to consider "what your money can buy locally" — purchasing power is key.
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Global Cost of Living Reshuffle: Where Is Your Salary Worth the Most?
Recently, I came across a comparison of the cost of living in 50 countries and discovered an interesting phenomenon - **cheap does not equal good living**.
On the surface, rent in Russia and Venezuela seems ridiculously cheap (monthly rent of $354-558), but the purchasing power is at a hellish level (purchasing power index only 12.4-40.9), meaning that wages are painfully low.
**The truly comfortable places** are countries like this:
- 🇸🇬 Singapore: Rent is $3016/month, but purchasing power is 95.6 (close to US level)
- 🇦🇺 Australia: Purchasing power 110.9, ranking in the top 6 globally.
- 🇩🇪 Germany: The cost of living is 10% cheaper than in the United States, and purchasing power is actually 3% higher.
**The worst choice**:
- 🇱🇧 Lebanon: Rent is cheap ($558), but purchasing power is only 22.7, equivalent to a 10% cut in wages.
- 🇳🇬 Nigeria: Costs are 42% cheaper, but purchasing power is only 8.4
**High Tax Trap**: Switzerland 40%, Netherlands 49.5%, Austria 55%... These countries may seem inexpensive, but one tax quarter will make you understand what "false prosperity" really means.
**Conclusion**: When choosing a place to live, you can't just look at rent and food prices; you have to consider "what your money can buy locally" — purchasing power is key.