![]() A Big Mac in the US is $4.20, but the most expensive Big Mac in the world goes to Switzerland at $6.79. How much does a Big Mac cost around the world? The numbers here are actually quite staggering. The Big Mac index lets you go from country to country to get a sense what their basic goods and services will cost you. I like to go by basic goods and services such as toothpaste or shampoo. What they can’t adjust are the prices of the basic goods and services that are applicable to their own citizens.įor example, in Argentina a taxi ride from the airport averages $6 whereas a taxi ride from Kennedy Airport could run you up to $60! Even in the worst of times with the Euro dropping, hotel rates are still high because they adjust it for foreigners. Why? When you’re trying to budget your travel don’t just go by how much the hotel costs will be because many countries allow their own individual private enterprises to adjust prices for foreign tourists. There are all different metrics you can apply, but I don’t adhere to the standard ones. People often want to know how expensive it is to visit another country- from how much a hotel costs to car rentals to going out for a night. Read his latest blog to see why he uses it as a test of a local economy. One of the tools Peter uses to do that is The Economist’s Big Mac Index. ![]() Understanding the cost of basic goods and services in a country goes a long way toward creating an accurate travel budget. ![]()
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