Question 1

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

Accepted Answer

Based on the current PPP estimate, the same home-country income goes about 5.9x further in Āsela. We are using the country-level cost index for Ethiopia here because a defensible city-level aggregate index is not available yet.

Question 2

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

Accepted Answer

Overall living costs are about 58% cheaper than New York City for Āsela. We are using the country-level cost index for Ethiopia here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in Āsela compare with New York City?

Accepted Answer

Rent are about 82% cheaper than New York City in Āsela. We are using the country-level cost index for Ethiopia here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in Āsela?

Accepted Answer

Groceries are about 56% cheaper than New York City and restaurant prices are about 77% cheaper than New York City. We are using the country-level cost index for Ethiopia here because a defensible city-level aggregate index is not available yet.

Āsela, Ethiopia

Purchasing Power vs. United States

How Far Your Money Goes

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