Cost of living in Qingdao (China) is 47% cheaper than in Dunedin (New Zealand)

This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 45 prices entered by 11 different people.
For example, to keep the same standard of living that would require NZ$6,400 in Dunedin you would need to make just about NZ$3,375 (15,702元) in Qingdao.

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