As I understand, cost inflation in the US is insane compared to just about anywhere in the world, and even within the US there are vast variations. The most expensive European cities are roughly on par with “medium cost of living” US cities, while “high cost of living” is disproportionately more expensive.
You can get a mansion for the same rent in most of Europe as a New York flat. There is basically no easy way to compare wages and costs because people in the US have to spend on a lot of stuff Europeans pay for via taxes.
I hope this won’t result in an exasperated and no doubt justified rant, but is that really true on average?
Assuming $/€ roughly translates 1:1, €2500 rent would be for a large flat in an expensive city, at least for the 2 EU countries I’m familiar with.
Similarly, €5000 would get you a well used car, but definitely more than a junker (which could be had for under €1000).
As I understand, cost inflation in the US is insane compared to just about anywhere in the world, and even within the US there are vast variations. The most expensive European cities are roughly on par with “medium cost of living” US cities, while “high cost of living” is disproportionately more expensive.
You can get a mansion for the same rent in most of Europe as a New York flat. There is basically no easy way to compare wages and costs because people in the US have to spend on a lot of stuff Europeans pay for via taxes.