Posts Tagged ‘Groceries price’

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
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