| nanarchy said: Rich/Poor are far too relative to assign numbers too, even within the same country. I live in one of the most expensive cities in Australia/World(Canberra), if your household is earning less than 60k you would definitely rank as poor and struggle to even pay the bills (Not an issue for me as my household would be more than 4 times that yet not considered wealthy). My home town where I grew up is a 2 hour drive from here. There you could live on 30k a year which would be lucky to even cover the rent on a dump in Canberra. |
yer Canberra is an interesting one. It most cases it is cheaper to buy than rent there.
Melbourne its the opposite, however to buy is so out of reach if you work in CBD and want to remain sane by staying within a reasonable travel distance (ie 45mins each way). My rent in melbourne is about 65% of my wage after tax, but to buy it would be nearly 90% of my wage after tax.
Overall in this country, cost of living is the biggest issue. e.g 24 cans of coke here is like $30, in the USA when I visited it was $5.







