4 ms·
> 100k in SF is the same as 70k in London which is the same as 5k in Tunis. Not really. Only some things are significantly affected by the local cost of living
by supergarfield 8y ago
> 100k in SF is the same as 70k in London which is the same as 5k in Tunis.
Not really. Only some things are significantly affected by the local cost of living: rent, food, nights out for instance. Sure, they probably make up the majority of your spending, but CoL is almost irrelevant for
- Buying luxuries: a Porsche or an iPhone are nearly the same price everywhere in the world
- Going on vacation
- Savings, if you don't intend to stay where you currently live forever
Depending on your lifestyle, these categories could easily make up most of your income, in which case $5k per year is terrible even if it covers the CoL in Tunis.
- pertymcpert 8y agoiPhones same price everywhere? Lol. When the GBP was a bit stronger you could fund a trip to NY and buy an iPhoneX/Macbook instead of buying in the UK.
- supergarfield 8y agoSure, maybe occasionally there are anomalies, with extreme price hikes for specific things in specific places. Right now iPhone X prices seem to be reasonably close everywhere (not-so-great-source: http://www.businessinsider.com/apple-iphone-x-prices-around-the-world-2017-9 http://www.businessinsider.com/apple-iphone-x-prices-around-...). I think this doesn't affect my point though, which is mainly that iPhones are just as expensive in generally cheap places.
- always_good 8y agoI don't really trust that chart. Like all tech in Mexico, the iPhone X is 30% more than the US price. I was in the Telcel store in Guadalajara last week and it was 1400 USD as I'd expect. "Luxuries the same price around the world" is just straight wrong. I don't know how anyone could think that who has lived in various countries, especially for American goods. For example, no matter where I've lived in the world, it was 25%-50% cheaper to wait until I visited family in Texas to purchase new Levi's.