Question 1

How far does your money go in Newcastle compared with the US?

Accepted Answer

Newcastle is close to purchasing-power parity with the baseline market right now. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 2

Is Newcastle cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 32% cheaper than New York City for Newcastle. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in Newcastle compare with New York City?

Accepted Answer

Rent are about 66% cheaper than New York City in Newcastle. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in Newcastle?

Accepted Answer

Groceries are about 24% cheaper than New York City and restaurant prices are about 34% cheaper than New York City. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Newcastle, Australia

Purchasing Power vs. United States

How Far Your Money Goes

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