United Kingdom is 96.6% more expensive than Russia.
Russia is 47% cheaper than United Kingdom. Jan 2023 Cost of Living.
Expats in Russia will find the cost of living to be reasonable. In Mercer's Cost of Living survey for 2021, Moscow was ranked 62nd out of 209 cities, while St Petersburg was ranked 119th. Although Russia cannot be regarded as a cheap country to live in, as a whole, it is more affordable than many western countries.
Australia is 2.3 times more expensive than Russia.
The current minimum wage in Russia is RUB16,242.00 per month in 2023. It became valid on January 1, 2023. The amounts are in Russian Ruble.
This shows that Russia's economy is equivalent to US$4.4 trillion while Australia's measure is unchanged at US$1.4 trillion. Russians are still much poorer than Australians—their purchasing power per person is US$29,600 compared with Australians' US$53,400.
Australia is generally considered to be more expensive than the UK. Because of Australia's location in the world, much of the food has to be imported, therefore increasing the cost. You can see the difference in the price of everyday grocery items between Australia and the UK in the chart below.
Russia is home to more than 144million people compared with 25.7million in Australia. When the economic output of each nation per person was levelled out, Australia had per capita GDP of $US51,693 compared with just $US10,127 for Russia.
Cost of living in London (United Kingdom) is 84% more expensive than in Moscow (Russia)
Life for expats in Russia is generally comfortable, with expenses such as groceries and utility bills being fairly inexpensive even in major cities such as Moscow. Outside of the major metropolitan areas, prices are even cheaper, with lower bills for food and transportation.
Income tax rates in Russia
As of January 2021, tax residents pay a 13% tax rate on an annual income of up to 5 million p. Income above this limit is subject to 15% taxes. Meanwhile, Russian-sourced income is taxed at 30% for non-residents. Self-employed persons pay 4-6% on turnover.
Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times.
The national minimum wage in Australia is currently $18.29/hour (£9.95/hour). This is comparable to the national minimum wage in the UK, which stands at £7.83/hour. When looking at take-home pay, the average net salary after tax is $4088.13/month (£2,224.76) in London and $4277.05/month (£2327.57) in Melbourne.
Gold Coast is one of the cheapest places to live in Australia (89th globally). It is known for its high-standard education and academia and its budget-friendly living.
The main products that Australia exported to Russia were Aluminium Oxide ($420M), Bovine ($43M), and Peptones ($10.6M). During the last 25 years the exports of Australia to Russia have increased at an annualized rate of 10.7%, from $45.9M in 1995 to $585M in 2020.
You're rich! Australia is now home to 2.2 million millionaires, according to a new study. Half of all Australians in 2021 had more than $400,000 in wealth. It means we have the highest median wealth of all the countries studied.
Average weekly working hours in Russia quarterly 2020-2022
On average, Russians aged 15 years and older worked 37.5 hours per week in the third quarter of 2022, marking a decrease from the previous quarter. In general, the mean working time decreased over the course of 2021.
Coffee: 65 - ₽ 150 ( US$ 2.20). Beer: ₽ 300 ( US$ 4.40). Small bottle of water: ₽ 100 ( US$ 1.50). Two course meal in a restaurant: ₽ 1,200 ( US$ 17.60).