China, Wuhan – Cost of Living

Posted on October 18, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Wuhan is the capital of Hubei province, People’s Republic of China, and is the most populous city in central China. Wuhan is an important center for economy, trade, finance, transportation, information technology, and education in Central China. Its major industries includes optic-electronic, automobile manufacturing, steel manufacturing, new pharmaceutical sector, biology engineering, new materials industry and environmental protection. Wuhan has over one third of French investment in China, the most among Chinese cities.

Wuhan has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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China, Tianjin – Cost of Living

Posted on October 18, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Tianjin is the sixth largest city of the People’s Republic of China in terms of urban population. Administratively it is one of the four municipalities that have provincial-level status, reporting directly to the central government. Also, its urban land area is the fifth largest in China, ranked only after Beijing, Shanghai, Guangzhou and Shenzhen. Manufacturing is the largest (60.1%) and fastest-growing (18.2%) sector of Tianjin’s economy. Farmland takes up about 40% of Tianjin Municipality’s total area. Wheat, rice, and maize are the most important crops. Fishing is important along the coast. Tianjin is also an important industrial base. Major industries include petrochemical industries, textiles, car manufacturing, mechanical industries, and metalworking.

Tianjin has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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International Cost Of Living Index Calculation

Posted on October 18, 2010 by Xpatulator

Cost of living is the cost of maintaining a specified standard of living, similar to a typical household budget. A Cost of living index is a numerical way of comparing cost of living, either over time, or by comparing different geographical locations.

 

When you relocate to another geographic location, the cost of everything you spend your salary on will either cost more or less. Some of the costs may be higher in the new location and some of the costs may be lower. The difference in cost of living is typically reported as a “cost of living index.

 

By selecting the appropriate costs that you will have to pay from your salary, you can use a tool such aswww.xpatulator.com to calculate the cost of living difference between 2 locations. Xpatulator uses 13 basket groups, the result of extensive research of actual spending habits, to reflect a reality-based international expenditure pattern. The basket groups are weighted according to Expatriate expenditure norms.

 

When comparing the cost of living between 2 locations the difference in the aggregate cost of all the selected basket groups are examined in each location using the average reported price in each location for the same quantity of each item. Cost of living is the relative differential in the local cost of the basket groups and the ruling exchange rate between the 2 selected locations.

 

When comparing the cost of living between different locations the objective is to calculate the difference in the cost of living expressed as an index (e.g. dividing the cost of living in Location A by the cost of living in Location B may result in an index of 140).

 

The cost of living index indicates the difference in the cost of living between the 2 locations. In the above example the index of 140 means that Location A is 40% more expensive than Location B. This would mean that a person who moves from Location B to Location A would need to earn 40% more, to have the same standard of living in Location A as they have currently.

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China, Shenzhen – Cost of Living

Posted on October 18, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Shenzhen is a city of sub-provincial administrative status in southern China’s Guangdong province, situated immediately north of Hong Kong. Shenzhen is a major manufacturing centre in China and is home to some of China’s most successful high-tech companies. Shenzhen’s economic output is ranked fourth among Chinese cities after Beijing, Shanghai and Guangzhou.

Shenzhen has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of rank overview for each of the 13 Basket Groups is now available.

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China, Shanghai – Cost of Living

Posted on October 17, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Shanghai is the largest city in China, and one of the largest metropolitan areas in the world. Located on China’s central eastern coast at the mouth of the Yangtze River, the city is administered as a municipality of the People’s Republic of China with province-level status. Shanghai is often regarded as the center of finance and trade in mainland China. Shanghai also hosts the largest share market in mainland China.

Shanghai has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Restaurants Meals Out and Hotel International Cost of Living Ranking 2010

Posted on October 17, 2010 by Xpatulator

This report provides you with the rank of Restaurants, Meals Out and Hotels cost of living indexes as at September 2010 for each of our 300 global locations. The indexes are calculated using the prices for specific quantities of the same goods and services in each location, based on expatriate spending patterns across 13 broad categories (Basket Groups). Our calculators make use of the cost of living indexes, based on your input and Xpatulator’s data, to create reports online which you can save, e-mail or convert to a pdf file.

 

Restaurants, Meals Out and Hotel costs include business dinner, dinner at a restaurant (non fast food), hotel rates, take away drinks and snacks (fast food).

 

The September 2010 restaurants, meals out and hotel international cost of living top 100 rank is as follows:

 

September 2010 Rank Country, City

1 Venezuela, Caracas
2 United Arab Emirates, Abu Dhabi
3 Greece, Athens
4 Qatar, Doha
5 Belgium, Brussels
6 USA, San Jose Calif
7 Norway, Oslo
8 Slovenia, Ljubljana
9 Brazil, Sao Paulo
10 Korea Republic of, Seoul
11 Iran, Tehran
12 United Arab Emirates, Dubai
13 Bahrain, Manama
14 USA, Anchorage AK
15 Brazil, Rio de Janeiro
16 Bhutan, Thimphu
17 Japan, Tokyo
18 Cyprus, Nicosia
19 France, Paris
20 Brazil, Brasilia
21 Israel, Jerusalem
22 United Kingdom, London
23 Switzerland, Geneva
24 Canada, Toronto
25 Switzerland, Zurich
26 Australia, Sydney
27 Oman, Muscat
28 Finland, Helsinki
29 Canada, Vancouver
30 Russia, Moscow
31 Angola, Luanda
32 Guernsey, St Peter Port
33 Denmark, Copenhagen
34 Monaco, Monaco
35 Azerbaijan, Baku
36 Canada, Calgary
37 Kazakhstan, Almaty
38 Maldives, Male
39 Singapore, Singapore
40 Equatorial Guinea, Malabo
41 United Kingdom, Glasgow
42 Luxembourg, Luxembourg
43 Iraq, Baghdad
44 Liechtenstein, Vaduz
45 Isle of Man, Douglas
46 Australia, Canberra
47 USA, Philadelphia Pa
48 Canada, Montreal
49 USA, New York NY
50 Spain, Madrid
51 Australia, Perth
52 Australia, Melbourne
53 Egypt, Cairo
54 United Kingdom, Birmingham
55 Senegal, Dakar
56 United Kingdom, Leeds
57 Austria, Vienna
58 Lebanon, Beirut
59 Iceland, Reykjavik
60 Italy, Milan
61 USA, Seattle Wash
62 Trinidad and Tobago, Port-of-Spain
63 USA, Cleveland Ohio
64 Jersey, Saint Helier
65 Sweden, Stockholm
66 United Kingdom, Belfast
67 Spain, Barcelona
68 France, Lyon
69 Gabon, Libreville
70 Vanuatu, Port Vila
71 Canada, Ottawa
72 Solomon Islands, Honiara
73 Falkland Islands, Stanley
74 Italy, Rome
75 Estonia, Tallinn
76 Australia, Brisbane
77 San Marino, San Marino
78 Ireland, Dublin
79 Russia, St. Petersburg
80 Palestinian Territories, West Bank
81 Congo, Brazzaville
82 Sudan, Khartoum
83 USA, Indianapolis Ind
84 Peru, Lima
85 Netherlands, Amsterdam
86 Turkey, Istanbul
87 USA, San Francisco Calif
88 Malawi, Lilongwe
89 Sao Tome and Principe, Sao Tome
90 France, Marseille
91 Japan, Osaka
92 Ukraine, Kiev
93 Slovakia, Bratislava
94 Libya, Tripoli
95 Andorra, Andorra la Vella
96 New Zealand, Auckland
97 Mauritania, Nouakchott
98 Vatican City, Vatican City
99 Samoa, Apia
100 Czech Republic, Prague

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China, Macao – Cost of Living

Posted on October 17, 2010 by Xpatulator

The economy of Macao is characterised by the policy of one country, two systems, by which the Central People’s Government is responsible for Macao’s defense and foreign affairs, while Macao maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events. The territory has thriving industries such as textiles, electronics and toys, and a notable tourist industry. This makes it one of the richest cities in the world.

The Macao Special Administrative Region is one of the two special administrative regions of the People’s Republic of China, the other being Hong Kong. Macao’s economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau’s GDP, and 70% of Macau government revenue.

Macao has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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China, Hong Kong – Cost of Living

Posted on October 17, 2010 by Xpatulator

The economy of Hong Kong is characterised by the principle of one country, two systems, whereby Hong Kong runs on economic and political systems different from those of mainland China. Hong Kong is one of the world’s leading international financial centres, with a major capitalist service economy characterized by low taxation, free trade and minimum government intervention under the ethos of positive non-interventionism.

Hong Kong is a special administrative region of the People’s Republic of China. Hong Kong’s highly favorable geographical position and trading opportunities are wealth-generating assets.

Hong Kong has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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China, Guangzhou – Cost of Living

Posted on October 17, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Guangzhou is a sub-provincial city and the capital of Guangdong Province in the southern part of the People’s Republic of China. Guangzhou is the main manufacturing hub of the Pearl River Delta, one of mainland China’s leading commercial and manufacturing regions. Guangzhou’s economic output is ranked third among Chinese cities after Beijing and Shanghai.

Guangzhou has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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China, Dalian – Cost of Living

Posted on October 16, 2010 by Xpatulator

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Dalian is the governing sub-provincial city in the eastern Liaoning Province of Northeast China. The city has enjoyed a continuous double-digit increase in GDP since 1992. According to a nationwide appraisal by the National Bureau of Statistics, Dalian ranks eighth among Chinese cities in terms of overall strength. The city?s main industries include machine manufacturing, petrochemicals and oil refining, and electronics.

Dalian has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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