Comparing daily life expenses from one country to another is an intriguing exercise. Understanding the costs of common items such as milk, jeans, or utilities allows us to visualize differences in living standards around the world. This is simple because we are all familiar with these basic necessities.
Similarly, most people are well-versed with the concept of banking, having opened a checking account or applied for a credit card at some point in their lives. However, the picture changes dramatically when we look at regions like the Middle East, where modern banking has yet to achieve wide reach. For instance, many Egyptians lack access to banking services due to low income. The same trend is seen in Jordan, where consumer banking has scant penetration, although loans, credit cards, and other financial services are available.
Tourists in these regions might not be concerned about the low-interest rates offered by local banks or their usage rates. However, the accessibility of ATMs and card machines becomes crucial when holiday funds start dwindling. Additionally, they might become aware of the differences in the cost of living while sightseeing and bargaining over souvenirs and keepsakes.
One can compare everyday item costs in an American city like New York with four Middle Eastern cities, namely Amman (Jordan), Doha (Qatar), Cairo (Egypt), and Dubai (United Arab Emirates). Although a straightforward price comparison can’t fully encapsulate the economic distinctions, it’s a captivating examination nonetheless. All the data comes from the comprehensive site, Numbeo.
Milk, for example, is cheaper in New York than in all four Middle Eastern cities; the price difference ranges from three cents in Cairo to 53 cents in Doha. Bread prices are more favorable in the Middle East; a fresh loaf is $2.00 cheaper in Amman, Cairo, and Dubai than in New York. With regards to eggs, they are most expensive in Dubai at $2.66 per dozen, while the cheapest is in Cairo at $1.60.
Wine prices vary greatly. A mid-range bottle that costs around $15 in New York, would cost you between $4.53 to $7.65 more in the Middle East countries, with the exception of Cairo, where it’s actually cheaper by $4.75. Clothing and shoes also have higher tags in Middle Eastern cities, especially compared to New York prices.
Making these types of cost comparisons is an interesting exercise! You can find more price comparisons on this link.
