What is the Worldwide Cost of Living Survey?

What is the cost of living index?

What is the high index?

Why do you use net salary not gross salary?

Which cities are covered?

Why do some cities have June or December only in front of them?

I can’t find my current or destination city?

Why shoud I pay $50 for this salary expectation report?

Can I show my Personal Salary Expectation Report to my Employer?

How do I download my report?

 

1.      What is the Worldwide Cost of Living Survey?

The Worldwide Cost of Living survey is produced by The Economist Intelligence Unit (EIU), the world's leading provider of country intelligence. The survey gathers detailed information on the cost of more than 160 items from food, toiletries and clothing to domestic help, transport and utility bills in every city. More than 50,000 individual prices are collected in each survey round, which take place in March and September, and surveys are updated each June and December.  A cost-of-living index is calculated from the price data to express the difference in the cost of living between any two cities.

For more information on the EIU Worldwide Cost of Living Survey, visit the Economist Intelligence Unit (EIU)

2.      What is the cost of living index?

The cost of living index shows the difference in living costs between cities. The cost of living in the current city is always expressed as 100. The cost of living in the destination city is then indexed against this number. For example, if London is the current city (100) and New York is the destination city with a cost of living index of 120, then New York is 20% more expensive than London. Similarly, if New York is the current city (100) and London is the destination city with an index of 80, then the cost of living in London is 20% cheaper than New York.

3.      What is the high index?

The Personal Salary Expectation Report includes two indices: the mean index and the high index. The mean index compares average prices (based on the set of all prices for each item as observed in all stores visited) in the current city to average prices in the destination city.

The high index compares the average prices in the current city to the highest prices (based on the highest price for each item as observed mainly in speciality type stores) in the destination city. The high index calculates how much you need to earn to improve your standard of living i.e. be able to buy more expensive items in your destination city.

4.      Why do you use net salary not gross salary?

We are interested in providing you with the salary that improves or maintains your standard of living. Your net salary is the salary after all tax and deductions; therefore it is the true figure that can make a difference to your standard of living. If we use gross salary and your tax and other deductions increases, you will be left with a lower net salary that may affect your standard of living.

5.      Which cities are covered?

 

Europe
Almaty (December only)
Amsterdam
Athens
Barcelona
Baku (June only)
Belgrade
Berlin
Bratislava (June only)
Brussels
Bucharest
Budapest
Copenhagen
Dublin
Dusseldorf
Frankfurt
Geneva
Hamburg
Helsinki
Istanbul
Kiev
Lisbon
London
Luxembourg
Lyon
Madrid
Manchester
Milan
Moscow
Munich
Oslo
Paris
Prague
Reykjavik
Rome
Sofia (December only)
St. Petersburg
Stockholm
Tashkent
Vienna
Warsaw
Zurich

North America
Atlanta
Boston
Calgary (June only)
Chicago
Cleveland
Detroit
Honolulu
Houston
Lexington
Los Angeles
Miami
Minneapolis
Montreal
New York
Pittsburgh
San Francisco
Seattle
Toronto
Vancouver
Washington DC

Latin America
Asuncion
Bogota
Buenos Aires
Caracas
Guatemala City
Lima
Mexico City
Montevideo
Panama City
Quito
Rio de Janeiro
San Jose (Costa Rica)
San Juan (June only)
Santiago
Sao Paulo

Asia-Pacific
Adelaide
Auckland
Bandar Seri Begawan
Bangkok
Beijing
Brisbane
Colombo
Dalian
Dhaka
Guangzhou
Hanoi
Ho Chi Minh
Hong Kong
Jakarta
Karachi
Kathmandu (December only)
Kuala Lumpur
Manila
Melbourne
Mumbai
New Delhi
Noumea (December only)
Osaka/Kobe
Perth
Phnom Penh
Port Moresby (June only)
Qingdao
Seoul
Shanghai
Shenzhen
Singapore
Sydney
Suzhou
Taipei
Tianjin
Tokyo
Wellington

Middle East/ Africa
Abidjan
Abu Dhabi
Al Khobar
Algiers
Amman
Bahrain
Cairo
Casablanca (June only)
Dakar (December only)
Damascus (December only)
Doha (December only)
Douala (June only)
Dubai
Harare (June only)
Jeddah
Johannesburg
Kuwait
Lagos
Lusaka (December only)
Muscat (December only)
Nairobi
Pretoria
Riyadh
Tehran
Tel Aviv
Tripoli (December only)
Tunis (June only)

6.      Why do some cities have June or December only in front of them?

For most cities, the surveys are updated twice a year, each June and December. However for the cities specified, their surveys are updated once a year, either June or December.

7.      I can’t find my current or destination city?

If your current or destination city is not on the list above, it means that at this time, it is not covered in the cost of living survey. If you know of a similar city in your current or destination country with a similar cost of living to your current or destination city, you may use it. However, this is not advised unless you are sure of the cities you are choosing to represent your current or destination city. You will also need to account for the difference in the results.  We cannot provide a refund if you choose the wrong cities, so you need to be certain before you buy a report. It is possible conduct one-off surveys of cities not included in the list above. For more details on the opportunities for custom surveys, please contact the Economist Intelligence Unit.

8. Why should I pay $50 for this salary expectation report?

The Personal Salary Expectation Report is a cost-effective solution for expats and international candidates who cannot afford to get their cost of living salary calculation wrong. Your cost of living salary expectation is calculated using the cost of living indices from the Economist Intelligence Unit survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.

According to Jon Copestake, retail and consumer goods analyst at the Economist Intelligence Unit, our Personal Salary Expectation Report is a "lighter, briefer and more affordable" version of their own reports. The EIU products are aimed at the business-to-business market and cost hundreds of dollars. Our report gives individuals access the cost of living indices from the world's leading provider of country intelligence and the business information arm of the Economist Group for a fraction of the price. Take advantage of our Cost of Living Salary Calculator now and plan your relocation with confidence that you will not be financially worse off in your new city. 

9.      Can I show my Personal Salary Expectation Report to my Employer?

Yes. If you are a job seeker, you can use your Personal Salary Expectation Report to negotiate the salary that improves or maintains your current standard of living. If you are an expatriate, you can use your report to negotiate your relocation package. If you have recently moved to a new city for a job and your report shows that you need a higher salary to maintain or improve the standard of living you had in your previous city, you can show your report to your current employer to negotiate a higher salary.

10.      I bought a report but I have not received an email, what can I do?

Your report will be available for download as soon as your payment is confirmed. You will receive an email to confirm your order has been created. Your order number is also a link to your report. If there is no file to download when you click the link, it means your payment has not been confirmed. Please check that you have received your payment confirmation email before trying to download your report.