Earning Equivalents

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  • Updated 3 years ago
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Ever the inquiring mind, I was thinking about the average monthly incomes listed in children's community description which is in equivalence to U.S. currency. What is this number really equivalent to? Is it just a conversion of that countries monetary unit to USD? I'm curious because I was recently having a conversation with someone about cost of living in different cities (currently my city is the most expensive...go figure) and it made me think of what the wages listed for some of my kids would feasibly get their families in different areas. For example, $200 would pay a utility bill for me. $200 would pay someone's half of (albeit cheap) rent in a lot of other locations. I didn't know if the amount listed was perhaps based on some averages that take things like into account.

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Lindsay

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Posted 3 years ago

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Katie Oliveira

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I don't work for Compassion, although I have found it interesting to look at what things cost in different countries to get a better idea of what my sponsored child could purchase if I send an additional gift to the child or family. You should be able to look this up by typing into the search bar: How much things cost in (enter child's country). Hope this helps. I found it really helpful and thought you might too. 
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Teresa Dawn

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The amount is simply what they make converted into US Dollars, however, there are a couple sites I like that tell you how much different things cost in different places all around the world.  You can look them up by city, not just country and I do that when I send financial gifts sometimes.  Here are the sites:
http://www.numbeo.com/cost-of-living/
http://www.expatistan.com/price/doctor/cebu-city/CAD 
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Lindsay

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That's an interesting tool to use by city! I was really more interested in the actual basis of the calculation, though, so if it's as simple as a basic monetary conversion, that answers that. Thanks for the input! :)