Minimum wage worldwide: where can you live off the minimum wage?
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
Picodi.com analysts checked the value of one cup of coffee expressed in the work time required to afford it in Ireland and other countries. The ranking covers 102 countries.
Among the countries included in the report, coffee costs the most in Denmark (€5.08), Hong Kong (€5.06) and Qatar (€5.05). On the other hand, the lowest price of a cup of cappuccino was noted in Algeria (€0.58), Tunisia (€0.70) and Ukraine (€1.07). However, if we compare the coffee prices and the local wages, the citizens of Andorra, Australia and Switzerland can boast of the most favourable ratio – in those countries, you can afford a cup of coffee in 8–9 minutes.
In Ireland, the average price of a cappuccino is €3.37, which corresponds to 12 minutes of work for an average Irish person (10th place). This is shorter than in Spain (13 min), the UK (14 min) and Finland (15 min), but longer than in the USA (11 min), Switzerland (9 min) and Australia (8 min).
Sri Lanka, Indonesia and Nigeria take the last places in the ranking. In Nigeria, for a cup of cappuccino the citizens have to work for over 2 hours, in Indonesia – 1 hour and 42 minutes, and in Sri Lanka a bit over 1.5 hours.
Compared to going to a cafe, making coffee at home is much cheaper. With Picodi it becomes even cheaper – our cashback service allows you to save a few % on each purchase in stores such as Hello Fresh, Marks & Spencer and iHerb. All you need to do is sign up to Picodi.com and activate cashback.
The price of a cup of coffee (cappuccino) used in this report was taken from Numbeo.com, where hundreds of thousands of users from the whole world monitor the prices of services and goods. The time required to afford a cup of coffee was calculated based on the average wages, taken from websites of the official statistical offices, ministries or other local institutions. The prices are up-to-date as of the release of this report. Net wages were calculated with local salary calculators. Monthly wages were divided by 21 (average number of workdays in a month), and then by 60 (number of minutes in an hour). In countries, where statistical offices use weekly wages, the wage was divided by 5 instead of 21.
For currency conversion, we used the average exchange rate data from Google Finance for the period of September 1–23, 2022.
Both the infographic and the statistical data can be used freely for commercial and non-commercial purposes. We only ask you to credit the author of the research (Picodi.com) with a link to this subpage. In case of any questions, feel free to contact us at research@picodi.com.
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