How far does your salary really go? Enter your income and see its equivalent purchasing power in 40+ countries, adjusted for cost of living and purchasing power parity.
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a basket of goods approach. If a basket of goods costs $50,000 per year in the US but only $20,000 in Thailand, then $50,000 in the US and $20,000 in Thailand represent roughly the same standard of living.
The World Bank publishes PPP conversion factors for every country, which account for differences in price levels for goods and services. A US salary of $50,000 translates to very different lifestyles depending on where you live: it might feel like upper-middle class in Portugal or Thailand, but barely above median in Switzerland or Norway.
Cost of living includes housing, food, transportation, healthcare, and entertainment. However, it does not account for quality of public services, climate, political stability, or cultural factors. Two countries with similar PPP-adjusted salaries may offer very different qualities of life due to differences in healthcare systems, education, safety, and infrastructure.
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