[viljar]

Cost of surviving(food, shelter, boose) - yes. What about cost of having trip around the world for vacation, building your retirement fund, price of the iphone, car?

[jldugger]

Well, the retirement fund might be more CoL adjusted, if you intend to retire to the same region you currently reside.

[MichaelGG]

You shouldn't have to decide that up front. Plus someone living in a high-rent area then gets a huge retirement bonus and allows them the option to move somewhere else. Someone in a low-rent area doesn't get that option at all.

[jldugger]

All true, and yet I imagine a lot of people think in different terms about retirement.

[EduardoBautista]

iPhones and car loans are more expensive here in Mexico.