The Truth Hurts: Hereโs How Far \$45,000 In Brooklyn Will Stretch In Other Cities

Census data released early this year measured Brooklyn’s median income at \$44,850. Using CNN Money’s and Expakistan’s cost of living calculator, I explored what a Brooklyn-based \$45,000 a year salary would look like in other cities across the world. The results aren’t pretty.

I had to use two different calculations for these estimates. For American cities, I gave CNN Money’s calculator the city in question + \$45,000 a year as where I currently live and my current income, then Brooklyn, NY as where I wanted to live. The resultant “comparable salary” figures are shown in the images that follow. The CNN Money calculator was updated with census data December 2013.

For international cities, I used Expakistan. This tool doesn’t calculate comparable salary. Instead, it tells you how much cheaper a city is than any other city. So my approach was to ask, for example, “If I bought \$100 dollars worth of stuff in Brooklyn, what amount would I have had to spend to buy the same amount of stuff in Prague?” Since Expakistan says the cost of living in Prague is 59% lower than the cost of living in Brooklyn, my calculation is 100 – 59 = 41; 100/41 = 2.439; 2.439 x 45,000 = 109,756. I round up on all these amounts (so with Prague, I end up with \$110k) and sincerely hope my math is correct.

I can’t attest for the accuracy of Expakistan. Some estimations are “based on only a few data points,” such as Oaxaca’s, others are “based on abundant and consistent data,” such as Prague. Expakistan’s calculator also does not distinguish between Manhattan and Brooklynโit’s all lumped into “New York City.”

Minneapolis

In Minneapolis, your cost of living changes by:
-4% Groceries
-63% Housing
-7% Transportation

Prague

In Prague, your cost of living goes down:
-54% Groceries
-69% Rent
-51% Transportation

Austin

In Austin, your cost of living changes by:
-29% Groceries
-73% Rent
-12% Transportation

Berlin

In Berlin, your cost of living changes by:
-29% Groceries
-58% Rent
+6% Transportation

Palm Coast, Florida

In Palm Coast, your cost of living changes by:
-20% Groceries
-75% Rent
-14% Transportation

Rio de Janeiro

In Rio de Janeiro, your cost of living changes by:
-41% Groceries
-37% Rent
-30% Transportation

Cedar City, Utah

In Cedar City, your cost of living changes by:
-26% Groceries
-78% Rent
-13% Transportation

Barcelona

In Barcelona, your cost of living changes by:
-27% Groceries
-52% Rent
-25% Transportation

Buenos Aires

In Buenos Aires, your cost of living changes by:
-51% Groceries
-76% Rent
-65% Transportation

Shanghai

In Shanghai, your cost of living changes by:
-26% Groceries
-48% Rent
-52% Transportation

Columbus, Ohio

In Columbus, your cost of living changes by:
-28% Groceries
-76% Rent
-12% Transportation

Louisville, Kentucky

In Louisville, your cost of living changes by:
-28% Groceries
-75% Rent
-9% Transportation

Portland, Oregon

In Portland, your cost of living changes by:
-13% Groceries
-57% Rent
-6% Transportation

Cape Town, South Africa

In Cape Town, your cost of living changes by:
-49% Groceries
-72% Rent
-60% Transportation

Chicago, Illinois

In Chicago, your cost of living changes by:

-15% Groceries
-58% Rent
-15% Transportation

Oaxaca, Mexico

In Oaxaca, your cost of living changes by:
-53% Groceries
-82% Rent
-65% Transportation

Denver, Colorado

In Denver, your cost of living changes by:
-22% Groceries
-64% Rent
-11% Transportation
Just as a point of reference, here’s what Brooklyn is like right now.

Thought Catalog

Thought Catalog

The Other Brooklyn I Knew

• http://prettylittletreasures.wordpress.com juliecrombe

Interesting facts! Great pictures!
Happy Valentine’s Day!

blog comments powered by Disqus