Cost of living in Melbourne (Australia) is 66% more expensive than in Iquique (Chile)

WARNING!  This comparison is based on only a few data points. At this point it is only a guess. It is based on 2,811 prices entered by 488 different people.
For example, you would need at least CH$2,780,409 (AU$5,825) in Melbourne to maintain the same standard of living that you can have with CH$1,670,000 in Iquique.

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