The cost of living.
Staple food prices are a good indicator of the real cost of living in a certain place. But a list of prices does not give us enough information if we do not know also how much money a day people earn in that place.
Let's compare the cost of living in two very different countries: Spain and Colombia.
The cost of living in Spain.
These are the wages of a farmer worker in Andalucia:
SOURCE: http://www.asajajaen.com/?q=convenio_campo
In Spain in 2011 chicken cost 2€ per Kg. How many kilos of chicken can a farm worker from Andalucia buy with his daily salary?
The cost of living in Colombia.
In 2011, a Colombian farm worker earned 25000 Colombian pesos every working day.
In 2011, one kilo of chicken in Colombia cost around 4700 Colombian pesos.
How many kilos of chicken can a Colombian farm worker buy with his daily salary?
SOURCES:
http://www.eltiempo.com/economia/finanzas-personales/ARTICULO-WEB-NEW_NOTA_INTERIOR-9237740.html
http://www.actualidadavipecuaria.com/noticias/en-colombia-se-eleva-el-precio-del-pollo.html
Big Mac.
- A hamburger (Big Mac) costs 3,5€ in Spain. How many hamburgers can a farm worker buy with his daily salary?
- The same hamburger costs 8400 pesos in Colombia. How many hamburgers can a Colombian farm worker buy with his daily salary?
Conclutions.
Taking all this information into account, where is there a higher cost of living, in Spain or in Colombia? and in which proportion exactly?
