3 ms·
And how much is $2/mo when adjusted from local income/cost of living to US standards?
by 05 8y ago
And how much is $2/mo when adjusted from local income/cost of living to US standards?
- tjbiddle 8y agoThis is the real question. I'm in Indonesia currently and I pay ~$13 USD for 25GB of data.
- wizardofmysore 8y ago1$ has a purchase power of ~18 rupees. So 140rs in India is equivalent to 7$ if you do a PPP conversion. This is based on 2016 rates. https://www.indexmundi.com/facts/india/ppp-conversion-factor https://www.indexmundi.com/facts/india/ppp-conversion-factor
- mayankkaizen 8y agoFor 2-4 USD, you can have breakfast, lunch and dinner, depending on location and your preferences. For about 30 USD, I can buy vegetables (excluding groceries) for the family of 2 for a month. Milk is about .75 USD per liter. 300-400 USD per month is the rent for 3 BHK apartment in good location. (I pay 220 USD for 2 BHK). For cable tv subscription, I pay around 5 USD.
- vinay427 8y agoSomewhat unsurprisingly, unprepared food costs are similar to in most developed countries while everything else is far cheaper.
- Consultant32452 8y agoMedian per capita income in India is about $650/yr. I don't know how many hours a median worker works, but to use the US standard of 2k hours per year, that's $0.32 per hour. So two dollars per month is approximately 6 hours of labor. Now let's try this same calculation with the US. US median per capita income is about $32,000 or $16/hr. The T-Mobile One plan is currently listed on their website at $70 for a single line. That's 4.3 hours. This is obviously a GROSS estimate, but it appears an Indian worker has to work approximately 1.39x the amount of hours a median American worker has to work for a "good" cell phone plan. You can get much cheaper pay as you go plans, but I wanted to use "mainstream" as much as possible.