That “adjustment” is really tricky to do convincingly.
I’ve been trying to compare an offer in the US and one in Montreal. The raw number for the US blows Canada out of the water, obviously, but adding in healthcare and childcare really starts to close the gap. That’s at least sort of calculable, especially if you ignore their option values, but it’s harder to price in other intangibles, like living somewhere walkable or with good public amenities (parks, schools, events). Basically no amount of money will buy you a walkable neighborhood in parts of the US: we looked—-hard—-in Houston!
>I’ve been trying to compare an offer in the US and one in Montreal. The raw number for the US blows Canada out of the water, obviously, but adding in healthcare and childcare really starts to close the gap.
The disposable income figure that boc quoted includes things like healthcare.
You need to look at the adjusted disposable income to include “social transfers in kind”. The US still leads there, but not as dramatically.
Even so, I’m not convinced that these numbers are actually that meaningful. They might tell you how many new Macbooks someone can afford, but do you think the median person’s quality of life is actually 50% worse outside the US? That seems implausible to me!
Kingwood is the closest thing, because you can at least go for a nice nature walk or have your kids safely bike to school, but there is zero 'walk to the corner store' infrastructure. It's a shame becausse my mother grew up in a much more walkable houston but now this was the best neighborhood she could retire in.
I’ve been trying to compare an offer in the US and one in Montreal. The raw number for the US blows Canada out of the water, obviously, but adding in healthcare and childcare really starts to close the gap. That’s at least sort of calculable, especially if you ignore their option values, but it’s harder to price in other intangibles, like living somewhere walkable or with good public amenities (parks, schools, events). Basically no amount of money will buy you a walkable neighborhood in parts of the US: we looked—-hard—-in Houston!