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cost of living in usa vs india
Cost of living in usa vs india: The average cost of living in the USA, based on 2020, was adjusted to 100. This index is also used by all other countries. An index of, e.g., 80 The usual expenses in other countries is 20% lower than those within the United States. The gross national income per capita is used to calculate the monthly income.
Again, the calculated purchasing power index is based on 100 for the United States. It is higher because people can live more affordably due to the difference in cost of living and income. It is lower than that, which means the population is less well-off.
All goods in Switzerland are 43 percent more expensive than in the USA, with a cost-of-living index of 143. The average income of the Swiss is 7026 USD, which is 31% more. This means that they can afford more goods. You can now compare the 43% higher cost to the 31% more income. The result is that Swiss citizens can afford approximately 9 percent less than US citizens.
The calculated cost of living index was calculated using the OEC, Worldbank, and IMF figures. It has been done by personal research. This index does not account for the differences in wealth and poverty, nor prices for goods not considered to be of normal use. This list should not be considered a mathematical theorem. This table does not consider whether it is feasible to live with a purchasing power index (Benin) of 5.4. This would be equivalent to one-19th of the US purchasing power.
The cost of living is often the most important factor in the search for an adopted country. Other factors, such as political stability or medical care, should be considered. We also compare many factors from different countries to determine a ranking of the quality of life.