One way to calculate Cost-of-Living (COLA) in a different location when taking a relocation is to simply compare the cost of the Big Mac in that location after currency is converted into your home currency. The Big Mac Index COLA comparison is a good one for simple calculations because McDonald’s are everywhere. The economist.com created the chart below of the Big Mac Index plotting the cost of Big Mac’s around the world.
The Big Mac Index – What’s the price of a Big Mac in…?
How much does a Big Mac cost you? Let us know in the comments here or on Linkedin!