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4 Comments
OP here.
Methods: Used Numbeo and created a custom basket of estimated needs and desires of a single person spending per month and a family of four (2 adults, 2 kids) per month.
Costs include: Restaurants, Groceries, Transportation, Utilities, Sports, Childcare, Clothes and Rent.
You have to remember that this is in USD. These lists were dominated by Swiss and Japanese cities ~15 years ago simply because the CHF and JPY were so strong relative to the USD. Currently, the CAD is actually really weak, meaning that, if anything, it’s underplaying just how expensive Canadian cities have become.
Would rather see monthly cost of living to median income. Currency standardization wouldn’t be necessary and it would be more informative.
Bug American cities are expensive. Yes that is quite obvious. How about compare to average or median income to get some useful data.