Summary of cost of living in Beijing, China:
Restaurants | |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | 30.00 ¥ | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | 200.00 ¥ | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | 35.00 ¥ | |
| Domestic Draft Beer (1 Pint) | 8.00 ¥ | |
| Imported Beer (12 oz Small Bottle) | 15.00 ¥ | |
| Cappuccino (Regular Size) | 20.10 ¥ | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | 3.45 ¥ | |
| Bottled Water (12 oz) | 2.24 ¥ | |
Markets | |
|
| Milk (Regular, 1 Liter) | 13.18 ¥ | |
| Fresh White Bread (1 lb Loaf) | 11.04 ¥ | |
| White Rice (1 lb) | 3.52 ¥ | |
| Eggs (12, Large Size) | 13.02 ¥ | |
| Local Cheese (1 lb) | 46.01 ¥ | |
| Chicken Fillets (1 lb) | 10.92 ¥ | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | 33.67 ¥ | |
| Apples (1 lb) | 7.08 ¥ | |
| Bananas (1 lb) | 5.38 ¥ | |
| Oranges (1 lb) | 5.69 ¥ | |
| Tomatoes (1 lb) | 4.29 ¥ | |
| Potatoes (1 lb) | 2.50 ¥ | |
| Onions (1 lb) | 2.86 ¥ | |
| Lettuce (1 Head) | 4.82 ¥ | |
| Bottled Water (50 oz) | 3.93 ¥ | |
| Bottle of Wine (Mid-Range) | 60.00 ¥ | |
| Domestic Beer (16.9 oz Bottle) | 5.72 ¥ | |
| Imported Beer (12 oz Small Bottle) | 12.85 ¥ | |
| Cigarettes (Pack of 20, Marlboro) | 28.95 ¥ | |
Transportation | |
|
| One-Way Ticket (Local Transport) | 4.00 ¥ | |
| Monthly Public Transport Pass (Regular Price) | 230.00 ¥ | |
| Taxi Start (Standard Tariff) | 13.00 ¥ | |
| Taxi 1 mile (Standard Tariff) | 4.02 ¥ | |
| Taxi 1 Hour Waiting (Standard Tariff) | 50.01 ¥ | |
| Gasoline (1 Liter) | 7.93 ¥ | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | 130,000.00 ¥ | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | 109,469.76 ¥ | |
Utilities (Monthly) | |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | 370.59 ¥ | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | 66.31 ¥ | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | 93.16 ¥ | |
Sports And Leisure | |
|
| Monthly Fitness Club Membership | 419.49 ¥ | |
| Tennis Court Rental (1 Hour, Weekend) | 144.71 ¥ | |
| Cinema Ticket (International Release) | 60.00 ¥ | |
Childcare | |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | 5,069.51 ¥ | |
| International Primary School, Annual Tuition per Child | 163,157.41 ¥ | |
Clothing And Shoes | |
|
| Jeans (Levi's 501 or Similar) | 454.53 ¥ | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | 266.98 ¥ | |
| Nike Running Shoes (Mid-Range) | 560.70 ¥ | |
| Men's Leather Business Shoes | 740.98 ¥ | |
Rent Per Month | |
|
| 1 Bedroom Apartment in City Centre | 7,005.26 ¥ | |
| 1 Bedroom Apartment Outside of City Centre | 3,942.50 ¥ | |
| 3 Bedroom Apartment in City Centre | 15,155.00 ¥ | |
| 3 Bedroom Apartment Outside of City Centre | 8,028.57 ¥ | |
Buy Apartment Price | |
|
| Price per Square Feet to Buy Apartment in City Centre | 9,708.39 ¥ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 4,103.35 ¥ | |
Salaries And Financing | |
|
| Average Monthly Net Salary (After Tax) | 9,897.31 ¥ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 3.52 |
Sources and References
| Cost of Living in Langfang | 38.75 miles |
| Cost of Living in Tianjin | 82.60 miles |
| Cost of Living in Tangshan | 117.94 miles |
| Cost of Living in Qinhuangdao | 188.26 miles |
| Cost of Living in Dezhou | 189.55 miles |
| Cost of Living in Ulanqab | 225.59 miles |
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So instead of using the untrustworthy local currency for trading among BRICS, the value of trading should be allowed to be guaranteed with choices of gold / silver / land / etc according to the latest exchange rate of the untrustworthy local currency so that the next time the value of gold / silver / land / etc is retained for the earlier trading even if the earlier untrustworthy local currency referenced for trading were depreciated as much as 50% later just like Turkey's untrustworthy currency went through last year probably.
Anyway, the untrustworthy local currency shouldn't be accepted unless there is no concern of not getting back the same value local currency comparing to before as much as 50% loss for the Turkey's case because the untrustworthy local currency would always be depreciated much quicker than other local currencies so the security issue of the untrustworthy local currency shouldn't be ignored for the sake of financial security.