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
This is an archived report. The latest ranking is available here.
For the fifth time, the Picodi.com team juxtaposed the local iPhone 14 Pro (128 GB) prices with average earnings in different countries and calculated the iPhone Index, which is the price of the smartphone expressed in man-days.
In Saudi Arabia, the iPhone 14 Pro in its base version (128 GB) was priced at SAR 4,749. Although the price in the USA is $999, it is worth noting, that this is the net price, valid only in four states where the sales tax is 0%.
According to the latest GaStat data, the average wage in Saudi Arabia is SAR 9,812 net. This means that an average Saudi has to work for 10.2 days in order to purchase the iPhone 14 Pro, provided that all the money earned is saved for this purpose. Compared to the previous year, the number of days required increased by 0.8 days.
This is what iPhone Index looked like in Saudi Arabia in the last 5 years:
An average citizen of Switzerland will earn money for the newest iPhone the quickest – only 4.6 days. An average American will be able to afford the latest gadget after working for 5.7 days, and Australian – after 6.1 days.
Among the countries included in the ranking, the worst result was noted in Tajikistan, where the iPhone is worth 179.5 man-days. The second and third worst result belongs to Turkey and Kyrgyzstan– 146.7 and 136.3 days respectively.
Although the new iPhone can be a rather expensive gadget, it is possible to buy it, as well as other electronics, cheaper through official resellers. All you have to do is sign up to Picodi.com and activate cashback while shopping in stores such as DHGate, Banggood, Xcite, Newegg and Microless.
iPhone Index is an annual iPhone price to the average wage ratio, carried out by Picodi.com since 2018.
iPhone Index 2022 was calculated based on the official prices of the iPhone 14 Pro (with 128 GB of memory) presented either by the local branches of Apple or by the authorised sellers. The average wages were taken from the countries’ official statistics office websites and are up-to-date with the prices of the iPhone published in each country. Net wages were obtained through salary calculators. Monthly wages were divided by 21 – an average number of workdays in a month. In countries, where statistics offices use weekly rates, the wages were divided by 5.
The data presented in the ‘iPhone Index’, including the infographics, can be used freely both 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.
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
We calculated how many man-days are required in order to earn enough money for the latest Apple flagship in different countries
We examined the situation in Saudi Arabia as well as in other countries in the world
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