In this post we can find some information about the cost of living in one of the most expensive cities: New York. We can see the difference between the cost of living in New York and the capital of Spain, Madrid following the next criteria: Restaurants, market, transportation, utilities, sports and leisure and renting. To show this differences I am going to take some examples following the next criteria:
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As a summary of this table of economic figures we can read the next information thaat I hope can be helpful for Architect-US Career Training Program current and future participants:
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Indices Difference |
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Consumer Prices in New York, NY are 64.57% higher than in Madrid |
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Consumer Prices Including Rent in New York, NY are 122.63% higher than in Madrid |
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Rent Prices in New York, NY are 262.51% higher than in Madrid |
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Restaurant Prices in New York, NY are 69.03% higher than in Madrid |
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Groceries Prices in New York, NY are 101.38% higher than in Madrid |
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Local Purchasing Power in New York, NY is 4.75% higher than in Madrid |
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As an example, you would need around 7,254.06$ (6,678.81€) in New York, NY to maintain the same standard of life that you can have with 3,000.00€ in Madrid (assuming you rent in both cities). This calculation uses our Consumer Prices Including Rent Index to compare cost of living. This assumes net earnings (after income tax). If you would like to compare with other cities you can use the site http://www.numbeo.com where I got the previous information.
