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Posts Tagged ‘america’
Cost - Variance in Different Countries August 3rd, 2008
The prices of every product varies in every country. I decided to do a small analysis on this. It’s based on the pay an average graduate gets to the percentage of salary he spends on regular merchandise like daily or monthly supplies. I also included the price of a sedan vehicle just give a picture of how the variance is between countries. I decided to go with three countries India, U.S and Australia.
The Pay an average graduate gets in India per month - 20,000 Rs.
The Pay an average graduate gets in U.S per month - 3750 USD.
The Pay an average graduate gets in Australia per month - 3826 AUD.
I call this the Earn-n-Spend table
ESP(Earn Spend Percentile) = (Cost/Salary)*10000
The ESP will give the percentage of earnings an average per month graduate will have to spend on the listed commodities below. One can multiply the rate with quantity required in a month to find the total amount he will be spending on that item for the month. The lower the ESP the better. The rates might differ from what i have mentioned but not much(If there is a large variance let me know). All are approximate values and may change.
| Australia | America | India | Winner | ||||
| Commodity | AUD | ESP | USD | ESP | RS | ESP | |
| loaf of bread | 3 | 7.84 | 1 | 2.67 | 10 | 5 | America |
| Rice 1kg | 1.6 | 4.18 | 4 | 10.67 | 20 | 10 | Australia |
| Pasta 500g | 2 | 5.23 | 2 | 5.33 | 40 | 20 | Australia |
| Sausages | 5 | 13.07 | 4.55 | 12.13 | 200 | 100 | America |
| apple | 5 | 13.07 | 2.5 | 6.67 | 50 | 25 | America |
| Instant noodles | 0.7 | 1.83 | 0.5 | 1.33 | 7 | 3.5 | America |
| Potato 1kg | 2 | 5.23 | 2 | 5.33 | 15 | 7.5 | America |
| 500g minced beef | 8 | 20.91 | 3 | 8 | 40 | 20 | America |
| tin of tuna | 1 | 2.61 | 1 | 2.67 | 150 | 75 | Australia |
| 12 eggs | 3 | 7.84 | 2 | 5.33 | 24 | 12 | America |
| 1 kg bananas | 2 | 5.23 | 1.5 | 4 | 25 | 12.5 | America |
| 1 litre of milk | 1.75 | 4.57 | 1.49 | 3.97 | 7 | 3.5 | India |
| 1 packet biscuits | 2 | 5.23 | 1 | 2.67 | 10 | 5 | America |
| 1 litre orange juice | 1.3 | 3.4 | 1 | 2.67 | 40 | 20 | America |
| Coffee | 4 | 10.45 | 3 | 8 | 8 | 4 | India |
| cinema ticket | 12 | 31.36 | 10 | 26.67 | 50 | 25 | India |
| bowling | 12 | 31.36 | 8 | 21.33 | 120 | 60 | America |
| nightclub entrance | 10 | 26.14 | 10 | 26.67 | 500 | 250 | Australia |
| pint of beer (570 ml) | 7 | 18.3 | 3 | 8 | 75 | 37.5 | America |
| A decent hamburger | 6 | 15.68 | 2 | 5.33 | 75 | 37.5 | America |
| can of Coke | 2 | 5.23 | 1 | 2.67 | 20 | 10 | America |
| haircut (men) | 17 | 44.43 | 14 | 37.33 | 50 | 25 | India |
| haircut (women) | 40 | 104.55 | 40 | 106.67 | 200 | 100 | India |
| shoes | 50 | 130.68 | 40 | 106.67 | 500 | 250 | America |
| tights | 20 | 52.27 | 15 | 40 | 100 | 50 | America |
| jeans | 60 | 156.82 | 50 | 133.33 | 700 | 350 | America |
| sweater | 50 | 130.68 | 40 | 106.67 | 400 | 200 | America |
| T shirt | 12 | 31.36 | 10 | 26.67 | 100 | 50 | America |
| Chicken(whole) | 3.75 | 9.8 | 1.75 | 4.67 | 100 | 50 | America |
| transport/month | 100 | 261.37 | 110 | 293.33 | 200 | 100 | India |
| Car | 30000 | 78410.87 | 30000 | 80000 | 100,0000 | 500000 | Australia |
Seems like U.S is a cheaper place for a graduate to live. And people say U.S is expensive. I think Australia is more expensive. Ofcourse there is a money conversion between them but I only did the table for graduates living in those specific countries and earning there.
Tags: america, Australia, cost comparison, Groceries price, india, usa
Posted in Life in Oz | Comments (4)
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