Do you look at income, rent etc in these countries then? I know several European countries where groceries are indeed cheaper but you need to compare how much they earn there and their rent or mortgage. Let alone FX
That’s true. My main point of reference is France because I go there often. But generally they have pretty good living conditions with tons of benefits in Europe.
Then I go to places like Panama, where people aren’t rich but they get by pretty well. The average salary there is 25 500 USD / year. (2 130 USD / month) and the average cost of living is around 1 500/ month. That’s not bad.
I know Germany, Austria pretty well and their income isn’t as high as ours. And their rents and real estate in general are high. Clothing is more expensive too. Food definitely is cheaper.
Do you look at income, rent etc in these countries then? I know several European countries where groceries are indeed cheaper but you need to compare how much they earn there and their rent or mortgage. Let alone FX
That’s true. My main point of reference is France because I go there often. But generally they have pretty good living conditions with tons of benefits in Europe.
Then I go to places like Panama, where people aren’t rich but they get by pretty well. The average salary there is 25 500 USD / year. (2 130 USD / month) and the average cost of living is around 1 500/ month. That’s not bad.
I know Germany, Austria pretty well and their income isn’t as high as ours. And their rents and real estate in general are high. Clothing is more expensive too. Food definitely is cheaper.
I think the two most important things people should be able to cover is food and shelter. Definitely food at a minimum.