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Well, the argument is the same with respect to most consumer goods. The new XPS 13 is the same price in Wyoming and San Fransisco. Adjusting the electronics bud
by humanrebar 9y ago
Well, the argument is the same with respect to most consumer goods. The new XPS 13 is the same price in Wyoming and San Fransisco. Adjusting the electronics budget of a household for cost of living generally doesn't make sense, which was my actual point.
- closeparen 9y agoWhat kind of household is spending enough on consumer goods for that to matter? I am not exactly thrifty or a Luddite, but electronics, clothes, etc. have never been more than 5% of my spending. I don’t feel comfortable spending on travel at all given the Herculean savings targets needed for an emergency fund or down payment here. Rent is 67% of my outflows, followed by food (my main luxury purchase is not having to cook). Regardless, good cost of living calculators don’t just take the ratio of housing prices, they use a typical consumer’s basket of goods, some of which may be the same price.