Cost of Living Index

[elenetxu]

Jan 22, 2014 7:06:58 GMT -5 @juliash said:

Jan 22, 2014 4:39:43 GMT -5 elenetxu said:

Mom got worried her first night in Spain when I ordered a glass of red wine and the waitress said... "Should I give her a good wine?" Mom thought the good wine was going to be +/- 10 € a glass. It's more like 1.10€

Um, I'm moving to Spain, now. 

Good food, good wine, all wicked cheap.
Shame about this whole "economic crisis" funny business.

I should mention that this price is for a very, very rural area. In Bilbao the same glass of wine might cost as much as...

...

...

2€!!!

[Deleted]

Jan 22, 2014 7:12:23 GMT -5 elenetxu said:

Jan 22, 2014 7:06:58 GMT -5 @juliash said:

Um, I'm moving to Spain, now. 

Good food, good wine, all wicked cheap.
Shame about this whole "economic crisis" funny business.

I should mention that this price is for a very, very rural area. In Bilbao the same glass of wine might cost as much as...

...

...

2€!!!

Yea, the economic crisis is definitely a bummer I'm still very, very jealous. You have to go to pretty upscale restaurants to get decent wine here, and then it is generally $8+ a glass. Not the end of the world, but it makes me drink a lot less wine. 

[elenetxu]

I'm sorry!

[Wanderista]

Jan 22, 2014 9:41:51 GMT -5 neeps said:

Jan 21, 2014 9:55:22 GMT -5 Wanderista said:

I don't know, it'd be interesting to know how they reached their conclusions about these lists and to know what statistics they used.

From the website (bolding mine):

To calculate each cities' Cost of Living Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been stablished, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague.

Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague.

What makes us unique is that we collect the prices that we use to calculate our cost of living index from visitors like you. Naturally, the more data entered, the more accurate the index and the calculations will be.

Thanks, interesting! Sounds a little imprecise. Anyway, I think it's more about the broad trends rather than the exact positions of cities. Is Oslo or London more expensive? Well, we can settle on them both being expensive. 

Likewise, as others have mentioned, a city can seem cheaper on average but be more expensive in practice than it might outwardly appear. 

I haven't read the like to the website but indeed I don't know why cities like Detroit would be on there. Perhaps Detroit is more expensive to visit than to live in?

[wise_rita]

dup

[wise_rita]

Jan 22, 2014 7:12:23 GMT -5 elenetxu said:

Jan 22, 2014 7:06:58 GMT -5 @juliash said:

Um, I'm moving to Spain, now. 

Good food, good wine, all wicked cheap.
Shame about this whole "economic crisis" funny business.

I should mention that this price is for a very, very rural area. In Bilbao the same glass of wine might cost as much as...

...

...

2€!!!