For anyone curious about COL in different cities β I found this neat tool that compares it in selected cities around the world (no southern European ones though π). I do disagree with it comparing mean salaries instead of median ones β median salaries are much closer to “typical salaries” , as they’re more resilient against being thrown out by crazy outliers. To put it this way: half a dozen billionaires in a given city doesn’t make the minimum wage any higher. That said, just ignore the “income” numbers and you still get interesting info on costs of housing, utilities, groceries etc. around the world.
Posted by Jessica Smith on .
Filed under News and Politics and tagged with economics.
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