Well, people would love to live in a country which is much cheaper. However, I have noticed that there are many countries that are really expensive but their infrastructure is one of the best in the world.
Expensive City, good pay or cheap city low pay.
- Thread starter Niyi Briggs
- Start date
@Passiveearner . You have said it right. Most developed cities and countries across the globe have a costly living. But still people flow in there and get them populated because most of them are hubs for jobs and other opportunities that people seek for a good living.
The only way you can live a very good life in expensive cities is when you are doing a job that is paying you a lot of money that can be enough for you to live your life and also for you to save up
I would go for the expensive city for the higher pay. This is because being on the expensive city, you are exposed at more better earning opportunities and businesses that one can easily engage in boosting their earnings.
You can earn better money in there and you also get many facilities as well. Majority of the cheaper countries have a really poor infrastructure and this leads to really bad economical conditions. I also live in such kind of country, so I know it.
I would rather stay in a big expensive city with better pay, then in cheap city with poor pay. It doesn't make sense.
- Thread starter
- #50
The challenge is that in the big expensive city, you would hardly have any form of savings while or is easy for you to have savings on a cheap city. It is all about preference though.
That's nice I'm also not a fan of crowded places; I like silence and stuff, but I would rather choose a city since there are more fun activities for me, I can meet more new people, and things like that.
Well, is your country an expensive country? My country is pretty expensive. The fact of the matter remains that the amount of income or per capita income ratio is quite low and many people have to deal with inflation in here.
From a purely economic stance, I would choose an expensive city because of the potentials in living and surviving in an expensive city. In a big city, you can be kuckyyto find a good job with a multinational and from there, you are made.
Let me put this in perspective and let's compare and contrast, in, London, the pay for an hour's job is about $10 but accommodation is $300 a month. In one other smaller city, say Brighton, the pay is $2 an hour and the rent is $30 per mont. I would choose the $2 city.
I would always choose an expensive city with good pay. As far as the pay is enough to be able to afford the city, it is now left for me to think of ways to grow financially.
With the high pay , you become more open to investment opportunities around and that makes you grow your income by earning passively from investment opportunities compared to earning a low pay that can't even be invested.
