Quote:
Originally Posted by GoldenTiger
Living standards or quality of life is not the same as cost of living. I don't think Shanghai has better quality of life than a beach town in California at all, although it might be more expensive. Also, Shanghai should not be more expensive than Zurich and other European cities. Those Europeans probably got ripped off...
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NYC or London don't have high quality of life either.
I agree Shanghai is by no means more expensive than a European city. Those people find so because they stick to a typical western life in Shanghai instead of living like a local. Of course you are ripped off. For example a typical western style lunch with burger salad fries etc can cost as much as it does in Boston or Paris, because they cater to expats. Local people spend probably three-four euros on lunch if they eat outside (that's for high income white collars, others probably spend half of that) and much less if they cook at home. My parents probably spend 200 euros on grocery a month, and they are by no means poor.
This spring I had a mojito on huaihailu and it cost 69 rmb, or roughly ten euros. A fancy frappe at Starbucks costs 6 euros, not cheaper than Europe, is it? Western brand clothes Can be 150% or three times the price but people shop elsewhere depending on their income.
In realty cost of living in shanghai is probably similar to low cost EU cities such as lisbon. (Buying an apartment is a different story. It is as expensive as Paris nowadays).