salary conversion report - amazon s3...jeans (levis 501 or similar) 86 860 1 509 50 337 874 54...

Seoul,South Korea

MexicoCity,

Mexico

Salary Conversion Report

SALARY CONVERSION REPORT

2Seoul (South Korea) -Mexico City (Mexico)Salary Conversion Report prepared by Expatistan on November19th, 2016. Relocation proposed from Seoul (South Korea) toMexico City (Mexico).

Report date: 19 November 2016Base city: Seoul, South KoreaBase currency: KRWExchange rate used: 1 KRW = 0.017 MXN

Destination city: Mexico City, MexicoDestination currency: MXNIndex profile: Standard

Current NET in Seoul 9 700 000 KRW(168 481 MXN)

NET amount required to cover cost of living difference -32.3%-3 133 100 KRW

(-54 419.44 MXN)

Equivalent NET in Mexico City(current net in Seoul - cost of living difference)

6 566 900 KRW(114 062 MXN)

Salary Adjustment

SEOUL (SOUTH KOREA) - MEXICO CITY (MEXICO)

Current NET inSEOUL

9 700 000 KRW (168 481 MXN)

Cost of living difference

-32.3%

-3 133 100 KRW (-54 419.44 MXN)

Equivalent NET inMEXICO CITY

6 566 900 KRW (114 062 MXN)

© 2009 - 2016 Expatistan


3Cost of living differenceThe cost of living in Mexico City, Mexico is 32.3% cheaper than inSeoul, South Korea.

Seoul,

South KoreaMexico City,

MexicoDifference

Food category 100 57 -43%

Housing category 100 68 -31%

Clothes category 100 64 -36%

Transportation category 100 43 -57%

Personal Care category 100 154 +54%

Entertainment category 100 79 -20%

COMPLETE COST OF LIVING 100 68 -32.3%


Seoul Mexico City



4Food category details:

Food cost difference: -43%Items included in this category: 13Weight of food in global index: 19%

Seoul Mexico City Numberof prices

usedDifference

KRW MXN KRW MXN

Basic lunchtime menu (includinga drink) in the business district

8 443 147 7 858 136 84 -6.9%

Combo meal in fast foodrestaurant (Big Mac Meal orsimilar)

6 095 106 4 693 81.51 77 -23.0%

Boneless chicken breast 6 154 107 3 594 62.43 51 -41.6%

Whole fat milk 2 432 42.24 974 16.91 76 -60.0%

Eggs, large 5 014 87.08 1 996 34.66 62 -60.2%

Tomatoes 4 850 84.24 1 344 23.34 54 -72.3%

Local cheese 12 436 216 3 827 66.48 56 -69.2%

Apples 6 544 114 2 195 38.13 61 -66.5%

Potatoes 3 608 62.67 1 123 19.51 51 -68.9%

Domestic beer in the supermarket 1 991 34.58 1 166 20.26 65 -41.4%

Red table wine, good quality 23 861 414 11 631 202 61 -51.3%

Coca-Cola 2 665 46.30 1 293 22.45 70 -51.5%

Bread 3 084 53.57 943 16.38 50 -69.4%

TOTAL 818 -43%


Seoul Mexico City



5Housing categorydetails:

Housing cost difference: -31%Items included in this category: 11Weight of housing in global index: 32%


usedDifference

KRW MXN KRW MXN

Furnished accommodation inEXPENSIVE area

2 074 490 36 032 1 226 524 21 304 150 -40.9%

Furnished accommodation inNORMAL area

1 346 640 23 390 702 849 12 208 63 -47.8%

Utilities 171 649 2 981 95 401 1 657 68 -44.4%

Furnished studio in EXPENSIVEarea

1 055 710 18 337 882 495 15 328 64 -16.4%

Furnished studio in NORMALarea

734 636 12 760 461 645 8 018 46 -37.2%

Utilities (studio) 109 045 1 894 74 090 1 287 45 -32.1%

Internet 8 Mbps 26 563 461 22 981 399 55 -13.5%

40″ flat screen TV 516 654 8 974 478 991 8 320 48 -7.3%

Microwave 800/900 Watt (Bosch,Panasonic, LG, Sharp, orequivalent brands)

130 597 2 268 139 674 2 426 42 +7.0%

Laundry detergent 13 977 243 6 164 107 36 -55.9%

Domestic cleaning help 15 245 265 2 676 46.49 49 -82.4%

TOTAL 666 -31%


Seoul Mexico City



6Clothes categorydetails:

Clothes cost difference: -36%Items included in this category: 4Weight of clothes in global index: 6%


usedDifference

KRW MXN KRW MXN

Jeans (Levis 501 or similar) 86 860 1 509 50 337 874 54 -42.0%

Summer dress in a High StreetStore (Zara, H&M or similarretailers)

58 355 1 014 41 307 717 45 -29.2%

Sport shoes (Nike, Adidas, orequivalent brands)

108 358 1 882 81 683 1 419 52 -24.6%

Men’s leather business shoes 174 036 3 023 77 152 1 340 44 -55.7%

TOTAL 195 -36%


Seoul Mexico City



7Transportationcategory details:

Transportation cost difference: -57%Items included in this category: 4Weight of transportation in global index: 22%


usedDifference

KRW MXN KRW MXN

Volkswagen Golf 2.0 TDI 140 CV(or equivalent), with no extras,new

33 442800

580 87314 379

218249 755 60 -57.0%

Gasoline 1 464 25.43 811 14.08 61 -44.6%

Public transport 63 364 1 101 25 202 438 86 -60.2%

Taxi trip on a business day, basictariff, 8 Km. (5 miles)

13 582 236 4 273 74.21 78 -68.5%

TOTAL 285 -57%


Seoul Mexico City



8Personal care categorydetails:

Personal care cost difference: +54%Items included in this category: 9Weight of personal care in global index: 6%


usedDifference

KRW MXN KRW MXN

Cold medicine (Tylenol, Frenadol,Coldrex, or equivalent brands)

4 930 85.63 4 722 82.01 30 -4.2%

Antibiotics 4 462 77.50 14 008 243 28 +213.9%

Short visit to private Doctor 9 508 165 41 604 723 32 +337.6%

Tampons (Tampax, OB, ...) 11 006 191 4 557 79.15 23 -58.6%

Deodorant, roll-on 8 648 150 2 930 50.89 37 -66.1%

Hair shampoo 2-in-1 7 104 123 2 874 49.91 34 -59.6%

Toilet paper 2 006 34.84 1 517 26.35 31 -24.4%

Toothpaste 2 814 48.87 1 401 24.34 32 -50.2%

Standard men's haircut in expatarea of the city 13 771 239 9 027 157 40 -34.4%

TOTAL 287 +54%


Seoul Mexico City



9Entertainment categorydetails:

Entertainment cost difference: -20%Items included in this category: 11Weight of entertainment in global index: 15%


usedDifference

KRW MXN KRW MXN

Basic dinner out in neighborhoodpub

27 538 478 27 355 475 52 -0.7%

Movies 18 879 328 8 566 149 62 -54.6%

Theater (best available seats) 50 782 882 85 871 1 492 36 +69.1%

Nice dinner at an Italianrestaurant

81 985 1 424 60 867 1 057 42 -25.8%

Cocktail drink in downtown club 9 403 163 5 943 103 35 -36.8%

Cappuccino in expat area of thecity

5 199 90.30 2 982 51.79 46 -42.6%

Beer in neighbourhood pub 4 016 69.75 2 717 47.19 41 -32.3%

iPod nano 16GB 199 050 3 457 190 688 3 312 24 -4.2%

Prepaid mobile tariff (no discountsor plans)

191 3.32 106 1.85 24 -44.5%

Gym membership in businessdistrict

83 357 1 448 64 357 1 118 40 -22.8%

Marlboro cigarettes 4 641 80.61 2 705 46.98 41 -41.7%

TOTAL 471 -20%


Seoul Mexico City



10Description of products andservices considered

Food CategoryProduct or Service Description

Basic lunchtime menu (including adrink) in the business district

A lunchtime menu special including a drink for one customer, at a restaurantlocated in the city’s business district.

Combo meal in fast food restaurant(Big Mac Meal or similar)

A combo meal consisting of a main item with a side dish and a drink,purchased at an international fast-food restaurant such as McDonald’s.

Boneless chicken breast500 grams of unboned chicken breast, grade A, purchased in a supermarket inthe city center.

Whole fat milk 1 liter of whole fat milk, purchased in a supermarket in the city center.

Eggs, large A dozen large chicken eggs, purchased in a supermarket in the city center.

Tomatoes1 kilogram of standard tomatoes, purchased in a supermarket in the citycenter.

Local cheese500 grams of locally produced cheese, purchased in a supermarket in the citycenter.

Apples1 kilogram of locally grown apples, purchased in a supermarket in the citycenter.

Potatoes1 kilogram (2 pounds) of standard potatoes, purchased in a supermarket in thecity center.

Domestic beer in the supermarket0.5 liters bottle or can of domestic beer, including container charges ifapplicable, purchased in a supermarket in the city center.

Red table wine, good qualityA standard 750-milliliter bottle of good quality red table wine, imported ordomestic, purchased in a supermarket in the city center.

Coca-Cola2 liters bottle of Coca-Cola or Pepsi, purchased in a supermarket in the citycenter.

Bread 250 grams of bread, typically consumed variety, consumer grade.

Housing CategoryProduct or Service Description

Furnished accommodation inEXPENSIVE area

Monthly rent for a renovated 85 m2 furnished apartment, in expensive area ofthe city.

Furnished accommodation inNORMAL area

Monthly rent for a renovated 85 m2 furnished apartment, in an averageresidential area of the city.





Housing Category (Continuation)Product or Service Description

UtilitiesThe bill, for two people, for one month’s use of heating, electricity, gas andother utilities in an 85 m2 (915 ft2) apartment.

Furnished studio in EXPENSIVE areaMonthly rent for a renovated 45 m2 furnished studio, in expensive area of thecity.

Furnished studio in NORMAL areaMonthly rent for a renovated 45 m2 furnished studio, in an average residentialarea of the city.

Utilities (studio)The bill, per person, for one month’s use of heating, electricity, gas and otherutilities in a 45 m2 (480 ft2) studio apartment.

Internet 8 Mbps Monthly price for 8 Mbps unlimited residential internet connection.

40″ flat screen TVA 40-inch (101-centimeter) flat-screen TV from a known, international brand,purchased new.

Microwave 800/900 Watt (Bosch,Panasonic, LG, Sharp, or equivalentbrands)

A medium-sized 800/900 Watt microwave from a known, international brand,purchased new.

Laundry detergentA 3-liter (100-ounce) bottle of liquid laundry detergent for colored clothing,purchased in a supermarket in the city center.

Domestic cleaning help Cost per hour of domestic help, not on full-time basis.

Clothes CategoryProduct or Service Description

Jeans (Levis 501 or similar)A pair of Levi’s 501 jeans, current season, no sales or discount, in brand shopat shopping mall.

Summer dress in a High Street Store(Zara, H&M or similar retailers)

A standard female summer dress of the current season, with no sales ordiscount, in a High Street Store (Zara, H&M or similar retailers)

Sport shoes (Nike, Adidas, orequivalent brands)

A pair of brand sports shoes (Adidas, Nike,...), in season, in shopping mallsports shop.

Men’s leather business shoes A pair of male leather business shoes, good quality, in the center.





Transportation CategoryProduct or Service Description

Volkswagen Golf 2.0 TDI 140 CV (orequivalent), with no extras, new

Volkswagen Golf 2.0 TDI 140 CV 6 vel. (or equivalent), with no extras,purchased new in a brick and mortar dealership.

Gasoline 1 liter of gasoline, 98 unleaded, in medium priced gas station in city center.

Public transportMonthly pass for the integrated public transport system covering the core city.Alternatively, where monthly passes are not offered, the price equivalent of 2trips a day between the business centre and a typical residential area.

Taxi trip on a business day, basictariff, 8 Km. (5 miles)

Taxi fare to travel 8 kilometers (5 miles) through the center of the city on aweekday at noon.

Personal care CategoryProduct or Service Description

Cold medicine (Tylenol, Frenadol,Coldrex, or equivalent brands)

A package of flu-relief medicine, from a known, international brand, with dosesfor 6 days.

AntibioticsA 12-pack of antibiotic pills or tablets purchased from a pharmacy, hospital ordoctor’s office.

Short visit to private Doctor Follow-up or other routine visit (15 minutes) to a private, non-specialist doctor.

Tampons (Tampax, OB, ...) A box of 32 tampons, of good quality, from a known, international brand.

Deodorant, roll-on 50-milliliter roll-on male deodorant from a known consumer brand.

Hair shampoo 2-in-1A 400-milliliter (12-ounce) bottle of 2-in-1 shampoo/conditioner of a knowninternational brand, purchased in a supermarket in the city center.

Toilet paperPackage of 4 rolls of known brand toilet paper (2 layers), purchased in asupermarket in the city center.

Toothpaste A 75-milliliter tube of toothpaste from a known, international brand.

Standard men's haircut in expat areaof the city

A standard men’s haircut in the city center.





Entertainment CategoryProduct or Service Description

Basic dinner out in neighborhood pub A basic pub meal for two in a residential or local area pub, not including drinks.

Movies2 seats in city center movie theater for an international release on eveningsession, without discounts.

Theater (best available seats)2 tickets to the best seats available in the city theater for a dramatic or musicalperformance.

Nice dinner at an Italian restaurantA dinner for two at an Italian restaurant in the expat area of the city includingappetisers, main course, wine and dessert

Cocktail drink in downtown club1 standard cocktail (mojito, cuba-libre,...) in downtown club, on weekend’snight.

Cappuccino in expat area of the cityA 150 to 240 milliliter (5 to 8 ounce) cup of cappuccino from a café located inthe expat area of the city.

Beer in neighbourhood pub 1 large beer (0.5 liters, 1 pint, or equivalent) in expat neighbourhood pub.

iPod nano 16GB1 16GB iPod nano, purchased new from the Apple store or an authorizedreseller.

Prepaid mobile tariff (no discounts orplans)

1 minute calling another domestic number, using a prepaid mobile (nodiscounts or plans).

Gym membership in business district Monthly membership in centrical branch of known Gym chain.

Marlboro cigarettes 1 20-cigarette pack of Marlboro Reds




14

Underlying data pointsTotal sample size (different prices, surveys, products,...) used to create the report:

Number of prices used in the calculation: 2 722

Number of surveys: 535

Categories included in the calculation: 6

Items included in the calculation: 53

MethodologyExpatistan collects data continuously through an onlinesurvey available to expatriates at expatistan.com. Thesurvey gathers constantly updated price points for awide set of products and services representative ofexpatriates’ common expenses. The collected dataundergoes validation, statistical analysis and testing. Itis cross-checked and enhanced with data from othersources available online, including the UN StatisticsDivision and the World Bank. Spurious data is detectedand discarded.

The index is calculated net-to-net, excluding taxesother than those charged at the moment of payment,such as sales or value-added taxes. Inflation rates areused to update data when appropriate.

More information on the methodology can be foundat expatistan.com.

Category weightsFood: 19%

Housing: 32%

Clothes: 6%

Transportation: 22%

Personal Care: 6%

Entertainment: 15%

Products and servicesincluded in the indexThe Expatistan cost of living index is based on abasket containing 53 products and servicesrepresentative of the goods and services that arepresentative expatriate purchases on a regular basis.Brands, qualities and locations of the products in thebasket are tailored to expatriate communities ratherthan to local residents. All reported prices include localtaxes paid at the time of purchase, such as sales orvalue added taxes, where applicable.

The products in the index are grouped into thefollowing categories: food, housing, clothing,transportation, personal care and entertainment.

Some products and categories are not covered bythe cost of living index. These include:

Health care

Taxes

Education

Travel

Insurance

Furniture

Jewelery

Illegal substances and services

Note on exchange ratesExchange rates are used to convert prices in thedestination city into the home city’s currency before theindex is calculated. The exchange rates used in thisreport are those reported by the Yahoo! FinanceCurrencies Center on the day the report is issued.

In countries where the official exchange rate isartificially set and the real exchange rate used ineveryday transactions is significantly different from theofficial rate (in Venezuela, for example), an alternativeor parallel rate may be used.



https://www.expatistan.com/reports/benefits#moreInfo

About ExpatistanExpatistan.com has run the original source for international cost-of-living comparisons since 2009. The project’s goal is tobring transparency and accessibility to cost of living information, making expatriates’ lives easier and more rewarding, andassisting companies looking to transfer employees to new cities and countries.

Expatistan’s model of crowd-sourced data collection allows it to gather data simultaneously from around the world andto incorporate far more data points into its index than other companies can include in theirs. As of November 2016, theExpatistan cost of living index was based on more than 1,736,000 prices entered by 178,000 contributors from around theworld.

DisclaimerFull disclaimer can be found at www.expatistan.com/reports/disclaimer.

Expatistan.com is run by Gerardo Robledillo. It is registered in the Entrepreneurs Registry of the Czech Republic, undertrading license number 74710761.

For help, questions, or to find out more about Expatistan, please visit expatistan.com or email [email protected].

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salary conversion report - amazon s3...jeans (levis 501 or similar) 86 860 1 509 50 337 874 54...

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