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> Their median income is also not impressive, given the way they're widely perceived as being Europe's most powerful economy. Their median income is near ~25% b
by dx034 9y ago
> Their median income is also not impressive, given the way they're widely perceived as being Europe's most powerful economy. Their median income is near ~25% below that of the US.
That's not adjusted for prices. Living in the US is easily 25% more expensive at current exchange rates, if not more. The Euro is still massively overvalued if you think living costs should be roughly equal.
- adventured 9y ago> Living in the US is easily 25% more expensive at current exchange rates, if not more. Living in the US is not more expensive than living in Germany. A typical - median - house in the US costs beween $175,000 and $225,000 for example. Germany's prices are higher than that. US food and energy costs are also lower than Germany's. This is also why the US has a far higher disposable income than Germany: precisely because not only does the US have a higher median income, it has a lower cost of living. The only places that it's more expensive in the US, is in a select few cities such as NYC or San Francisco.