This would correspond to about one-27th of the purchasing power inside the US. Whether it is realistic to survive with a purchasing power index of 3.7 (Haiti) does not matter in this table. Therefore this list should be regarded as a mathematical theorem. It does not take into account the differences between poverty and wealth, as well as prices for goods that do not belong to normal needs. The calculated cost of living index is based on the OECD, the Worldbank, the IMF and Eurostat figures and has been completed by our own researches. In the result, people in Switzerland can afford about 11 percent less than a US citizen. Now you calculate the 31% higher costs against the 17% higher income. But the average income in Switzerland of 7,454 USD is also 17% higher, which means that citizens can also afford more goods. With a cost of living index of 131 all goods are on average about 31% more expensive than in the USA. If it is lower, the population is less wealthy. If it is higher, people can afford more based on the cost of living in relation to income. The calculated purchasing power index is again based on a value of 100 for the United States. The monthly income (please do not confuse this with a wage or salary) is calculated from the gross national income per capita. 80, the usual expenses in another country are 20% less then in the United States.
All other countries are related to this index. Cost of living and purchasing power related to average incomeWe adjusted the average cost of living inside the USA (based on 2022) to an index of 100.
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