cafetero
3/18/2019 19:46 EST
The typical American's daily spending can be broken out as follows:
Category Average Daily Spending Housing $32.59 Groceries $11.95 Utilities $10.51 Health insurance $9.35 Dining out $9.22 Entertainment $8.78 Gasoline $5.39 Charity $5.13 Clothing/apparel $5.02 Education $4.08 Cell phone service $3.06 Car insurance $2.65 Pets $1.95 Alcohol $1.53 DATA SOURCE: GOBANKINGRATES.
U.S. adults spend differently at varying stages of life. Here's a breakdown of how Americans spend at different ages:
Age Group Average Daily Spending Gen Zers under 25 $92.13 Millennials 25-34 $208.77 Younger Gen Xers 35-44 $189.13 Older Gen Xers 45-54 $202.48 Younger baby boomers 55-64 $178.01 Baby boomers 65 and up $135.73
How does this compare to what you are spending to live in Colombia?
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cafetero
3/18/2019 19:59 EST
Here is mine, This is for the two of us living in a pueblo 1/2 hour outside the city center
Category Average Daily Spending
Housing $7.54
Groceries $8.60
Utilities (including internet) $2.03
Health insurance $1.39
Dining out $1
Entertainment $1
Gasoline (taxis-buses) $1
Charity $1
Clothing/apparel $1
Education $0
Cell phone service $.30
Car insurance $0
Pets $0
Alcohol $1
Savings $3
total $26.86 per day
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SkyMan
3/19/2019 18:51 EST
Cafetero...Some great information in your post ! Lifestyle will really change the numbers dramatically...in the U.S.A. or in Colombia. One item in your post seemed low to me...that was the Daily Housing Cost...but I guess if one lived in a rural area of Idaho, it would cost less...as far as housing.
One question: Did your source take into consideration the large numbers of U.S. residents who live in Government Subsidized Housing ? Or just the households who actually are paying their rent/lease/house payment monthly ? It would be interesting to see how the source came up with that average housing cost per day. It still sounds low to me. Buena Suerte ! Tranquilo.
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mattinnorfolk
3/19/2019 21:02 EST
Cafetero, You may not be the brightest bulb on the tree, but I have yet to see one brighter. Housing and alcohol; cost in USA seem low to me, but that may be a me problem. :-) Great post as always...
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ponymalta
3/20/2019 02:05 EST
SkyMan
It would be interesting how the figures are collected.
The housing cost I found a bit low if one looked at East or West coast but otherwise for rural areas and Midwest seemed fairly normal for many.
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testolas
3/20/2019 11:42 EST
https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=Sacramento%2C+CA&country2=Colombia&city2=Bogota&displayCurrency=COP
To try to figure the cost of living you should compare city to city and not just country to country. Yes, there is a big difference if you use San Francisco and New York City vs St Louis and Phoenix. This information is to use with a grain of salt.
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DallasSteve
3/20/2019 11:48 EST
The USA costs are way over my budget and I live very comfortably with a wife and her son. $200 per day is $6,000 per month. I spend about $3,000 per month. WTF?
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Edgenaples
6/19/2019 12:13 EST
Cafetero, Less than $900/month....that is impressive. From reading a lot of other posts, we had come to the conclusion that life in Manizales would likely cost about 35-40% of what are life costs in the US. Maybe it is even less than that....
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cafetero
6/19/2019 12:34 EST
Edgenaples, I don't know where you are from in the USA, but you can use Numbeo.com to get a pretty good idea of cost differences.
Manizales has an metro population of about 550,000 people.
Compare that to Chattanooga, Tennessee metro area 560,000
https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=Colombia&city1=Chattanooga%2C+TN&city2=Manizales&tracking=getDispatchComparison
Consumer Prices in Manizales are 57.35% lower than in Chattanooga, TN
Consumer Prices Including Rent in Manizales are 66.14% lower than in Chattanooga, TN
Rent Prices in Manizales are 83.73% lower than in Chattanooga, TN
Restaurant Prices in Manizales are 66.22% lower than in Chattanooga, TN
Groceries Prices in Manizales are 62.62% lower than in Chattanooga, TN
Local Purchasing Power in Manizales is 67.45% lower than in Chattanooga, TN
I am confident you can live in Manizales on about $1000 per month, compared to about $4000 per month in Chattanooga.
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morganstern
6/19/2019 13:15 EST
Cafetero....mattinnorfolk says you are not the "brightest bulb on the TREE"....That is coming from someone in the 'BUSH league'
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tammytravels
6/19/2019 13:15 EST
One thing missing from these impressive lists are home/appliance maintenance. This stood out to be because I just had an appliance repair.
Large Whirlpool Washer , 13 yo Replace the drain hose (about 6' ft long going from bottom front to the top back to drain) Drain hose, original part, $95,000 mil, Labor to install $35,000 mil Total $125,000.
When was the last time you had an in home appliance repair for less than $40.00 US? I live in Armenia, so price will vary on where you live.
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Edgenaples
6/26/2019 12:03 EST
Thanks Cafetero,
That is about what I thought after a lot of reading. I was figuring maybe 1/3 of our current expenses, here in the Carolinas.
My wife is originally from Nicaragua, so Spanish isn't a problem. We've lived abroad before. We thought a lot about Cuenca, but now are leaning towards Colombia. Unfortunately we have 4 years and 11 months to go before we can leave my job. Hoping the time flies by because we are very excited about a new adventure.
Thanks again !
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