253: Cost of Living Expenses in U.S. vs. Abroad

Johnny & Derek sit down for a one on one episode to compare their respective cost of living expenses. Johnny has utilized location arbitrage by living in cheaper countries outside the U.S. while Derek lives in one of the most expensive cities in the U.S., Los Angeles. They’ll break it down by category and find out who is getting the better deal in each. Johnny also gives helpful tips for those considering relocating from the U.S.   Listen to ILAB 253 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Greece / IG @johnnyfdj Sam Marks – Thailand / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadio Sponsor: IndeedIndeed knows that when you’re doing everything for your company, you can’t afford to overspend on hiring. Visit indeed.com/ILAB for more details.   Discussed: Cost of Living Gasoline prices around the world Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally. Time Stamp: 07:18 – Where did you start Johnny and where have you been living the last 10 years? 09:05 – Are there any cities out there that are surprisingly quite cheap to live in? 15:41 – First let’s talk about housing? 19:32 – What about how the cost of utilities varies? 24:55 – How much do you think air bnb’s cost in california? And how does it compare to other countries? 28:33 – How does insurance vary from country to country? 31:05 – Johnny and Derek compare their monthly grocery bills 37:15 – What's the average price of having a night out for drinks? 44:29 – What's the “Big Mac” Index? 50:55 – How does Health insurance compare? 58:57 – Transportation costs between owning a car and public transit? If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2022. All rights reserved. Read our disclaimer here.