This is Part 6B of the USI series, covering Northern Europe (The Nordics and Baltics ).
Sources:
Rent: Numbeo (one bedroom apartment aim city centre
Food: proxy method based on Numbeo (meal at inexpensive restaurants)
Income: official stats office for city level income, adjustments have been made for approximating median gross full-time earnings (FTE) , salary data from Glassdoor was used if city level data is not available from the statistics offices
USI=( food+rent)/gross median FTE income
Legend:
<30 Comfortable
30–40 Stretc azhed
40–50 High burden
50–60 Severe burden
60–75 Unaffordable
75–100 Extreme
100+ Critical
Tools: pandas + canva
Araninn on
The headline is somewhat misleading. You’re showing data from capitals and large cities of the Nordic+Baltic countries, while the headline implies the countries as a whole. There’s a huge difference between these cities and the rest of their respective country.
Also, is this household median income or single median income? There’s a big difference between being one or two working adults in these households, but from your comment to the post I think it’s single median income since you use FTE, which I understand as „full time equivalent“.
Finally, there’s the perspective that almost half the income in e.g. Talinn can go towards non-essentials meaning there’s a significant percentage of the income that can go towards savings and luxury consumerism. In most of these cities that share is even larger, which shows that historically the inhabitants of these cities are rather wealthy in comparison.
Edit: Just wanted to say it’s useful data regardless of the points I raise above. Thank you for compiling it.
Divasa on
In graph it says food, in your title it says food and rent.
Food and rent being 40% of income would be great imo, or am I missing something?
mancapturescolour on
The Nordics are Iceland, Norway, Denmark, Sweden, Finland.
The Baltics are Lithuania, Latvia, and Estonia.
As such, only Stockholm (Sweden) and Reykjavik (Iceland) truly qualify as places in the Nordics for OP’s point about 40%. Cities like Gothenburg (32.8%, also Sweden) do not fulfill that criteria.
Equivalent-Wafer-222 on
Laughs in Dutch housing pain
joonas_davids on
Finland is in a surprisingly good situation in terms of expendable income or savings potential for an average person, as displayed in this graph. Salaries in Finland are far lower than in the other Nordics, but housing and groceries are surprisingly cheap relative to the others, almost balancing it all out.
cbawiththismalarky on
Numbeo is skewed by it’s contributors, it’s crowdsourced
ButterAlquemist on
its happening everywhere. Housing is killing the western civilization.
owera1211 on
and yet they are always high on happiness index. I wonder how people in the region feel about this.
DiracHomie on
In Warsaw, it would be 40-50% or even much higher.
sickcynic on
What’s their median sales tax like 30% or something?
Oddisredit on
Given how regulated their economies are and how the GDP is mostly via govt spending, it seems the world issue of expensive housing and food is one brought on to us by the managerial class
TheDevilsAdvokaat on
That’s low..my rent alone is %50 of my income…
Auspectress on
9% on food? We progressed so much. My parents tell me food cost 40% in 80’s
150c_vapour on
I hope the right-wing populists in the Nordic countries have less success weaponizing the inflation narrative then they have in Canada and the US.
betacarotentoo on
You need some more taxes, and the problem will be solved.
stupidber on
In Canada its literally like 104% of median income
jcchg on
In Spain, only rent is 50 % in most cases.
Euphoric-Advance8995 on
I just wanted to shout out the minor point about supplementing missing data with Glassdoor salaries reported. That was a cool idea for a backup resource.
My only critique of it would be adjusting those numbers for bias on who reports on Glassdoor in these countries (ie multiply by some rate of the cities where you have data for both).
strps on
In America, this sounds familiar.
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This is Part 6B of the USI series, covering Northern Europe (The Nordics and Baltics ).
Sources:
Rent: Numbeo (one bedroom apartment aim city centre
Food: proxy method based on Numbeo (meal at inexpensive restaurants)
Income: official stats office for city level income, adjustments have been made for approximating median gross full-time earnings (FTE) , salary data from Glassdoor was used if city level data is not available from the statistics offices
USI=( food+rent)/gross median FTE income
Legend:
<30 Comfortable
30–40 Stretc azhed
40–50 High burden
50–60 Severe burden
60–75 Unaffordable
75–100 Extreme
100+ Critical
Tools: pandas + canva
The headline is somewhat misleading. You’re showing data from capitals and large cities of the Nordic+Baltic countries, while the headline implies the countries as a whole. There’s a huge difference between these cities and the rest of their respective country.
Also, is this household median income or single median income? There’s a big difference between being one or two working adults in these households, but from your comment to the post I think it’s single median income since you use FTE, which I understand as „full time equivalent“.
Finally, there’s the perspective that almost half the income in e.g. Talinn can go towards non-essentials meaning there’s a significant percentage of the income that can go towards savings and luxury consumerism. In most of these cities that share is even larger, which shows that historically the inhabitants of these cities are rather wealthy in comparison.
Edit: Just wanted to say it’s useful data regardless of the points I raise above. Thank you for compiling it.
In graph it says food, in your title it says food and rent.
Food and rent being 40% of income would be great imo, or am I missing something?
The Nordics are Iceland, Norway, Denmark, Sweden, Finland.
The Baltics are Lithuania, Latvia, and Estonia.
As such, only Stockholm (Sweden) and Reykjavik (Iceland) truly qualify as places in the Nordics for OP’s point about 40%. Cities like Gothenburg (32.8%, also Sweden) do not fulfill that criteria.
Laughs in Dutch housing pain
Finland is in a surprisingly good situation in terms of expendable income or savings potential for an average person, as displayed in this graph. Salaries in Finland are far lower than in the other Nordics, but housing and groceries are surprisingly cheap relative to the others, almost balancing it all out.
Numbeo is skewed by it’s contributors, it’s crowdsourced
its happening everywhere. Housing is killing the western civilization.
and yet they are always high on happiness index. I wonder how people in the region feel about this.
In Warsaw, it would be 40-50% or even much higher.
What’s their median sales tax like 30% or something?
Given how regulated their economies are and how the GDP is mostly via govt spending, it seems the world issue of expensive housing and food is one brought on to us by the managerial class
That’s low..my rent alone is %50 of my income…
9% on food? We progressed so much. My parents tell me food cost 40% in 80’s
I hope the right-wing populists in the Nordic countries have less success weaponizing the inflation narrative then they have in Canada and the US.
You need some more taxes, and the problem will be solved.
In Canada its literally like 104% of median income
In Spain, only rent is 50 % in most cases.
I just wanted to shout out the minor point about supplementing missing data with Glassdoor salaries reported. That was a cool idea for a backup resource.
My only critique of it would be adjusting those numbers for bias on who reports on Glassdoor in these countries (ie multiply by some rate of the cities where you have data for both).
In America, this sounds familiar.