I live in LA, $1500 can only afford a private room renting in apt or house, probably 3B rather 2B,utility not includes. Also my car insurance full coverage is $360 per month as a 7 year no accident record driver, currently i`m planing to move in NC for a less competitive job seeker market, you all probably can`t believe there are still many jobs $16 per hour in LA county(minimum $18). And grocery can cost $500 per month. And LA is the only city in the world that I can see at least car accident on the freeway everyday ! Thank you Teacher Milk introducing me a good city to move to.
@innis81802 ай бұрын
I live in Australia. I’ve recently travelled to the US. It’s shockingly expensive there.
@HenryFederer2 ай бұрын
you are really lucky to have good parents teaching you financial responsibility.
@m.d.38052 ай бұрын
I had never really considered the exact cost of living for us in Switzerland until your video sparked my curiosity. It prompted me to calculate an approximate monthly cost of living for two people(my husband and me) here. Based on the expenses you mentioned, our monthly cost comes to around 9,000 CHF, which at today's exchange rate, is approximately 10,392.85 USD. *Our only debt is the home mortgage, and it's not included in the calculation. I was genuinely surprised by the result and envied how lucky you are to have such an easy lifestyle.
@pinkcandytang11212 ай бұрын
The state he lives in is very cheap compared to expensive state like California
@Mirandancre2 ай бұрын
The cost of living has gone way up in the past three years. When I first moved to NC back to 2016, everything was so cheap. I could buy a full cart of groceries for less than a hundred bucks which will last us for about a week, but now $100 will get me only half of what I used to get.
@rcyanking2 ай бұрын
who cares about grocery? Eat less and stop dining out will make you healthy. US grocery price is the same as in russia in europe. The most important thing that US should worry about is the government deficit and coming total collaps of US $.
@kiss748eeee2 ай бұрын
Bidenomics
@fubolibs42182 ай бұрын
United States used China and cheap labor since 1980s and China exported deflation for years. Unfortunately for the US China is now making high end stuff and no longer cheap.
@_Wai_Wai_2 ай бұрын
@@rcyanking if you dine out less, naturally you'll be eating at home more.
@xinglvchongkuo2 ай бұрын
A simple exa. The 泡芙I used to ate is like 1buck now rise to 2bucks and even smaller inside filled cream even half only how crazy the stuff growing to now
@johnbrown406392 ай бұрын
Mortgage + home insurance + property tax or rent, health insurance, car loan + insurance, utilities (water + electricity + phone + home internet), gas, without grocery it's already freaking high. With children, count child care, tuition, etc. With disease, count doc visits, health checks, medicines. The cost of living is shooting to the roof these days.
@hyde4never2 ай бұрын
That's why a lot of people become a homeless.
@nickyu37602 ай бұрын
恭喜Mike老师成为百万粉丝博主
@williamlu2139Ай бұрын
Thank you, Mike for the great video you made. We all love you and your wonderful family. You are a true American.
@deimos782 ай бұрын
The price of a 2 story detached house here in Toronto costs about $1.5M on average. The house in your video looks cheap compared to home prices in Toronto.
@tinachen32662 ай бұрын
恭喜麥克老師,進入百萬訂閱人次!🎉🎈
@owen6362 ай бұрын
我們住在LA郊區, 每個月的基本費用是$8,000左右
@_Wai_Wai_2 ай бұрын
😱
@hunterhuang-c6c2 ай бұрын
你家几口人?
@Forlove20072 ай бұрын
郊区不等于坏区。
@elaineg65942 ай бұрын
真的要看每个家庭的生活开销,我家是在北加bay area 房贷去年刚付清,目前每月平均基本吃喝费用3500~3,800之间(3口),老公一个人的paycheck 就轻松搞定,每月还能存下6千多,一年能出国玩半个月
@DW-sd8ix2 ай бұрын
房贷是大数
@wendyl74222 ай бұрын
With my three kids living in SF, CA. I am paying $15k-18k per month ( no car loan, no mortgage, all paid off)
@maikelaoshi2 ай бұрын
@@wendyl7422 how?
@wendyl74222 ай бұрын
Private schools for 3 kids: $5500 per month, then kids activity: Kumon, swimming, volleyball basketball, life insurance, then foods 😢
@peternjoyce2 ай бұрын
@@wendyl7422 With all due respect, I admire parents who are willing to spend a lot of $$ for their children's education. However, too often I saw Asian parents spending too much on private school (or living in top public school districts) and tutoring without getting the intended result. I am a high school teacher and my best friend is a medical doctor. Both of us decided to take advantage of the magnet school programs that our public school districts have to offer. Our children participated in varsity sports. The only private tutoring lessons we paid for were their piano lessons. Both my son and his daughter were accepted to UCLA studying pre-med and psychology.
@wzeng022 ай бұрын
@@wendyl7422 Other than Private school, how else you spent $15k - $18k a month without any mortgage. It seems excessive.
@cathywoodward61712 ай бұрын
@@wzeng02 My relative in Bay Area, family of four pay about the same. Everything over there is expansive. Gas higher, taxes higher, grocery, phone bills, utility bills etc etc. The property tax is very high, 3/4 thousands a month and most homes in Bay Area are over a million. They have no mortgage and car payments but the expenses pile up easily added to $15 to 18K, or even more. I don't doubt about it.
@SuSu-kh3wh2 ай бұрын
加州洛杉磯,三千都不夠交房租房貸的。這個數據,只能代表在那個小城市了。
@Forlove20072 ай бұрын
如果租房,两房的一般不用三千。
@yifengzhou89352 ай бұрын
I am paying HKD18,000 or USD2,300 a month for my apartment of 265 square feet in Hong Kong. I think you are living in heaven, bro.😢
The housing prices in your city are so cheap compared to Vancouver, BC, where I’m living. I have lived in Toronto, LA, San Francisco, and Vancouver, and all those cities‘s housing are expensive.
@timchan16372 ай бұрын
In fact, major NC metros' (including Cary, NC in the video) RE has gone up 2X since 2016, so you are not looking at the real low price, slightly above US national average price. I know RE price in Vancouver and CA very well, so you will think so cheap.
@maikelaoshi2 ай бұрын
@@ahboo2003 people here would say the prices here have gotten crazy 😜
@@robertxu5489 Chinese people always like to lie. A house in Beijing costs millions of RMB. Renting an apartment two hours away from the city center costs thousands of RMB a month. A pound of pork costs 20 RMB, a pound of tomatoes costs 5 RMB, and a bottle of drink costs 3 RMB. Eating at McDonald's costs more than 60 RMB. Do the math. How can you reach the standard of living expenses of 5,000 USD a month in the United States? Which state in the United States requires you to pay 2,000 USD a month for insurance?
Fair calculation. Reminds me the days live in state! Thanks Mike
@wt81512 ай бұрын
Great videos! Thanks for sharing.
@ddd-mac2 ай бұрын
I’ve just travelled LA and NY. Omg everything is so expensive. Even a large coffee cost me $8.5 in LA. I was quite shocked about the prices there.
@NoNameToHave2 ай бұрын
终于又等到老师了!👍
@shengminjin26022 ай бұрын
Love your videos, Teacher Mike
@leepinnker2 ай бұрын
I didn't expect that living in the United States would cost so much, but people all over the world like to immigrate to the United States or Canada, which shows that the United States is pretty good.
@karlyw.b.41252 ай бұрын
It’s an illusion
@maikelaoshi2 ай бұрын
High cost of living but there is also a cost of opportunity. Lots of opportunity to make money in the USA that you might not have in other places.
@guanzehuang96092 ай бұрын
@@maikelaoshi such opportunity is for everyone or with precondition? I don't think it is so easy to answer. the great question should be, what kind of opportunity for which people with what kind of precondition?
@elgs19802 ай бұрын
America is the least worst in the world, aka the best.
@maikelaoshi2 ай бұрын
@@guanzehuang9609 you create your own destiny. Saying yes to one opportunity means saying no to another. Therein lies the cost
$3500 is not real. May be it is just for North Carolina. We spend more than $5000.00 a month in Washington State for all the expenses you mentioned, and it is very basic, nothing luxurious.
@tinachen32662 ай бұрын
麥克老師的訂閱人數快達到一百萬了!加油!
@estrelalee63702 ай бұрын
compared with living in the netherlands, its not expensive. Its impossible to buy a house with 250K here, even difficult to a buy a decent apartment
@sophieisabunny2 ай бұрын
i live in Auckland NZ, this little island doesn't produce much and almost everything is imported including fruit and vgs. i think your place is not too bad.
@maikelaoshi2 ай бұрын
What is the cost of living like there?
@daviqian79522 ай бұрын
NC is wonderful place which I will go. The CP ratio is perfect.
@cindyliao22502 ай бұрын
$3300 is the payment on housing alone in Vancouver, WA. So double that is the average spending for 2 adults exclude vacation.
@hclau2182 ай бұрын
For a small town, that is quite expensive. However, for that lifestyle, living in New York would cost at least 5 times more. Of course, there is no comparison with a small town in China or most other developing countries in Asia. You will be living like a Lord!
@oceanblue8882 ай бұрын
Depending on what you watch, I can watch most of the TV series for free (sometimes need to wait for a bit) online, so Netflix hates me. 🤣🤣🤣
@maikelaoshi2 ай бұрын
@@oceanblue888 they’ll be fine, they have plenty of money
@gracegu11282 ай бұрын
Wow I didn’t know the living cost in L.A. is so much higher than most of US, till this video. It’s literally double of what the numbers given here…. 😢
@timchan16372 ай бұрын
That's why RTP, NC (Cary in the video is part of RTP) and Charlotte, NC are both among the top 5 most popular areas for others to move in. RE price keeps going up. CA's salary in tech is about 30-40% higher than that in NC (in general, plz don't argue those in Google) but house is about 3X-4X than NC. Tax, gas, etc... are all higher vs. NC. NC is green everywhere. It isn't hard to own >3 properties here as long as you have a normal job > $100K. The negative side you all already knew: less authentic international food than CA.
@maikelaoshi2 ай бұрын
@@gracegu1128 Correct. California has double the cost of living compared to most places in the USA. If you live there it’s just normal and every other place seems cheap. For those outside, they avoid it because it’s so expensive.
@maikelaoshi2 ай бұрын
@@timchan1637 I agree except the food part 🤣. We have been pleasantly surprised by the food scene here. Plus the added bonus of barbecue 🍖
@timchan16372 ай бұрын
@@maikelaoshi To me, RTP has the best authentic Chinese food in the entire NC. I am really happy with that plus the barbecue, but for those who have been spoiled in the major US metro, there will be complaints. Other than that, I just don't see any negative side in NC. People live in NC with much less stress financially. RTP also has two top national best-buy universities with tuition around $4K a semester.
@gracegu11282 ай бұрын
Maybe one of those days I will sell my 🏠 and move to NC! I love the greens and BBQ but it’s harder to change as we age… Happy for your family and your choice of living! God bless!
The issue of most Americans living paycheck to paycheck without any emergency funds is extremely scary. I’ll save this video to rewatch whenever I get the crazy thought of moving back to the USA.
@landnantong82072 ай бұрын
Nothing can stop you saving your money for rainy days in the USA. I believe most chinese Americans do this way.
@iokwong18712 ай бұрын
@@landnantong8207Really life is what stopping you. Seriously, even a barely six figure job can only get you enough to live nearly paycheck to paycheck.
@hermesliteratus8822 ай бұрын
@@iokwong1871 That's why so many Americans end up homeless in the end.
@elgs19802 ай бұрын
That might not be an issue, but the reason the US has world No.1 economics. Ideally, everyone should spend all their money they earned to maximize the economic efficiency. Of course we are not living in an ideal world. Imagine the extreme on the other end, if nobody was spending their money, then nobody would be able to earn money because the factories/companies everybody works for wouldn't profit due to the lack of customers. What I really want to say is America is not No.1 for no reason.
@iokwong18712 ай бұрын
@@elgs1980 This a faulty assumption, the question is if everyone spending to their MAX where all the money ended up. And as of right now, it ended up at the hand of the capitalist. Where they can take control of the market, and the means of production. In the past few years, they learned how to produce just enough to get by, while growing their profits to the max. If there aren't people like Elon who keep destroying the existing landscape, it will go back to the days of kings and nobles.
@S.E.A-e4m2 ай бұрын
Ever think of moving back to Shanghai?
@meganhuang59872 ай бұрын
I wanna back to China country 😂
@liliefeng2 ай бұрын
We live in Vermont with three little kiddos. We barely eat outside, and I am trying my best to control the expenses on groceries, but still it cost us more than 1000 dollars each month.
@maikelaoshi2 ай бұрын
@@liliefeng is there a Costco or Aldi there?
@liliefeng2 ай бұрын
@@maikelaoshi No Costco or Aldi near by, we always shop at Bjs and price chopper. We live on the border of NH and VT, so we shop in the stores in NH which is tax free.
@vtducrider2 ай бұрын
We are a family of 3 in Austin, TX. We buy a fair amount of groceries on weee. Costco’s once every couple months. We spend a little over $1k on groceries.
@yuhaozheng22422 ай бұрын
NC is so affordable! I live in WA and my monthly rent is over 2k for 1b1b, where nearest grocery is 30-min walk… I also spend much more on food, like $30 daily. A very simple lunch at our company cafeteria costs $15 😢
@chialikuo2 ай бұрын
i live in one of the expensive states.. Connecticut. I am retired, no debt and household of two person. I need $6000 minimum per month just to pay property (house and car)tax, house and car insurance, internet , fuel, medicare insurance , electric and water bill. Not including federal tax. I think your state NC is inexpensive .
@lindybauer68822 ай бұрын
I live in New Jersey and I have similar cost of living. Same here retired no mortgage etc
@maikelaoshi2 ай бұрын
Yes most of the New England states are expensive. South Carolina is one of the cheapest I've seen.
@user-px5ru8ft7k2 ай бұрын
@@maikelaoshi Mike 老师is correct! But Cary is rated the best city in NC, the cost of living still is a little higher than the national average. Yet, it is still a great choice to live in Cary for the QOL as a young family. As you pointed out, as long as we take advantage of the land of opportunity, obtaining education, working hard, saving, and investing, our quality lifestyle is sustainable in America!
@marg83152 ай бұрын
North Carolina is so much more affordable than living in California and tri state area in NYC. Rent/property prices here are obscene. I’m jealous! You got much better bang for the buck there for almost every thing.
@maikelaoshi2 ай бұрын
It's cheaper than many places like that and the DMV area but more expensive than others. I think South Carolina has one the lowest costs of living in the USA. Big houses for cheap, lowest gas prices I've seen too.
@Syre_Sam2 ай бұрын
Mike if there’s AT&T fiber available in your area, you could probably consider that too. About as fast as Google fiber for half the price
@football_babbler2 ай бұрын
Att fiber is awesome
@maikelaoshi2 ай бұрын
@@Syre_Sam I haven’t seen it yet but will look into it. Fiber is incredible
@moo52482 ай бұрын
Debt is not all that bad, considering if you get a 0% interest credit card , not you also earn the points by reaching the threshold spending , you could utilize the money downpay for your car as long you living with your means and pay it off before the one year promotional rate.
Cost of living in China is actually low as the country is experiencing deflation as opposed to many countries around the world.
@hermesliteratus8822 ай бұрын
Amid the rampant cost of living crisis around the world, China may be the only exception.
@MissEast-China2 ай бұрын
No,job is less,cost is up in china
@GOTUBED2 ай бұрын
中国可能是唯一一个可以牺牲工作岗位以换取物价平稳的国家😂
@havenisse20092 ай бұрын
Compare to Chinese income , China is very expensive. So always look at income vs expenses
@gstlb2 ай бұрын
Deflation is very bad for an economy, leading to lost jobs and lower wages.
@ChinaCoachLeBlancАй бұрын
Just moved back to Melbourne, Australia after 15years in China. And yep... It's a little shocking the cost of living now in Melbourne
@pepperinthewall2 ай бұрын
500 dollars per month for grocery?A family of three?If so, it is really cheap. But my friend told me that they may pay 700 dollars in costco per time. But I don't know how often they go shopping.
@peperolam2 ай бұрын
Here in NJ the average humble middle-class family still faces monthly expenses of at least $10k, with property taxes alone reaching up to $25k per year. A suburb 2-bedroom is around $4k a month. We moved from NYC to New Jersey because the cost of living in the NYC was even higher.
Hi, Mike, there is also sales tax. LA, 9.5%. CA state tax 13.3%
@maikelaoshi2 ай бұрын
@@chicotiti8348 wow that’s crazy! Here it’s 7% on most things but state income tax is very low.
@yungchung61892 ай бұрын
80 year old still working can't retire , it's in the news ,how about that !
@tmoguan90232 ай бұрын
I use Ultra for phone service. $14 a month. 3 gigs of data and FREE phone calls to HongKong and China😊😊😊
@rlatagulhas11562 ай бұрын
Thanks for making this video and other ones to explore options living in various places of the US. I live in the south part of SF bay area where price is insane, especially housing. Climate change is also real here when the temperature exceeded 90 for half of the days in October this year. I looked at our PGE bill and electric alone cost $600 in July. Can you share the mobile plan you are using? Thanks!
@maikelaoshi2 ай бұрын
@@rlatagulhas1156 we use spectrum for Internet and mobile. It’s fantastic
@amandayip29442 ай бұрын
Long time no see ❤
@lanma37462 ай бұрын
thank you very much for your videos 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
@yingjuchi632Ай бұрын
It is not common for men to have such detailed knowledge of household expenses. The chief financial officer is the most critical role in running a business and can develop a successful strategy.
@leonhuang81912 ай бұрын
The living cost is quite cheaper compared to bay area, maybe I should move to NC after I retire.
@cshelly97582 ай бұрын
management fee + property tax + food + monthly phone + utility fee + car insurance + food + ... = more than 4000
@广隶读书2 ай бұрын
This breakdown makes me doubt if we’re in the same country! Our groceries cost us $4000/month. my family size: two adults plus two kids
@Katrinaaaaaaa10242 ай бұрын
I’m surprised as I thought NC would have higher cost of living compares to Texas. I live in Texas and the base rent for 1B1B is 1400… and it’s even not a famous city. What stinks are all little things: a coffee costs almost 10 bucks ! Prepared lunch in grocer store (H-E-B for example) costs also min 10 bucks…. living in US gives a feeling of trading off time vs money. It is possible to live low budget but you gonna engage yourself for almost everything ; if you want to delegate any service so that you can focus on other stuff, those viable costs are the real monsters here.
@gracesJewelryAndDesign2 ай бұрын
November 2nd Asian food festival in Cary. 中国美食节!
@Jane-gd2dq2 ай бұрын
Mobile phone plan is really cheap, wow. Just curious which one you use?
@kioi-bx8yb2 ай бұрын
感谢!
@lung212 ай бұрын
I am in Philly, everything is double than what u said
@luluswitzer2 ай бұрын
How's the hurricane in NC, my husband and I were thinking to move to NC, but after the hurricane we are not sure that's the right place to move to
@user-bt5dw9yi5r2 ай бұрын
Triangle was not severely impacted by the hurricane. It is a good place.
@maikelaoshi2 ай бұрын
@@luluswitzer we just had rain for a day. The western part is pretty bad, once a century storm that is impossible to plan for
@louisyee112 ай бұрын
Come to Malaysia and you may find everything will be fine.
@_Wai_Wai_2 ай бұрын
$250,000 for an apartment in NYC was ten years ago maybe. Today I think $350,000 or $400k. And same goes for suburbs. A normal house will go for $400k in Suburban USA. too much Money generation by Fed and Gov't. They'd rather inflate everything. Can't deflate or else asset prices plummet, and thats all for the US economy.
@Max-un7wu2 ай бұрын
Southern CA=NCx2.5, Northern CA=NCx4
@freida149818 күн бұрын
Dining out once a week for only $200 a month seems challenging, as my family of four dines out just once a month and spends the same amount.
@莫民奇妙2 ай бұрын
From my experience living USA for 30+ years, lots of Americans live paycheck to paycheck without emergency money, most is due to their laziness or irresponsible behavior. Another reason people become poor, is government allowed business moved jobs to other country. But to allow government to done so many damages to American people themself, are the America people voted to this result.
@katarinaling6286Ай бұрын
生活開銷 低過蘇格蘭,而且美國屋子大好多。 For 2 people in scotland comfortable life is roughtly around £ 4000 per month (including rent, heating fee, car, food, entertainment, travel). … my friend is living in London . She is staying in a one bedroom apartment with lovely view, £ 2500 per month for rent only.
@lufranco13432 ай бұрын
我看到隔壁的讲师每天一分钱不花,活得也很好。他真是无本经营
@jinnabeauchemin20862 ай бұрын
在美国放下自尊和体面大街上讨要,慈善机关领取都可以生活,但绝大部分民众看不起那种行为。
@francoisrautenbach2702 ай бұрын
Sounds like you've been listening to The Ramsey Show 😄
@skybobo89462 ай бұрын
cost of living varies greatly from different states
@Ivy-cn3vn2 ай бұрын
San Diego 二人生活毎月房贷+地税+房屋保险+=2100+车贷900+其它开销每月=7000,不包扩买衣服和旅行
@BeeBeeLee3991Ай бұрын
Could you please share your mobile phone plan which is only $15? That's really cheap.
@albertlee83422 ай бұрын
There are the index costs of living by states, it said the cheapest is Mississippi recently.
@freemindmindfree5682 ай бұрын
NC is cheap. 200K per year without mortgage or private school tuition is annual budget in Bay Area CA. Just imagine a property tax of 30k to 400k a year.
@jasonwang15722 ай бұрын
In Vancouver, we spend $9000 total for 2 adults and 2 kids, more than half goes to mortgage
@maikelaoshi2 ай бұрын
Yikes!
@amyxu7498Ай бұрын
We spend about the same but we have 3 people no mortgage. Guelph, Ontario.😂
@tchen81242 ай бұрын
Wow, $500 per month on groceries. Impressive. We spend $1000 per month on groceries and the food quality is also much worse compared to what we eat in China.
@tianshuchu54162 ай бұрын
中国大陆普通超市,牛肉 60元/ kg 也就是不到 9$/ kg , pork 3-4$/kg ,蔬菜 平均 1 $/kg ,二、三线城市 100 平米的房子,月租 150-250 $/month
@alfredlee14722 ай бұрын
Why so many people still trying to immigrate to USA?
@maikelaoshi2 ай бұрын
@@alfredlee1472 infinite opportunities to better their lives.
@gracegu11282 ай бұрын
USA is not suitable for everyone. Many Chinese came and regretted it but I am so glad I did! I love this country and its culture.
Apartment rent, electric, gas, water, mobile, internet around HKD15k (USD1900) 😢
@bryanlee3337Ай бұрын
$3335 USD that is insanely expensive, if counting in tax and health insurance, not much money left... as compared with China, I think if choosing 2nd/3rd tier city, can be as low as $300~400 USD
@sharonma92792 ай бұрын
麦克老师,是不是严格语法来讲,应该是 I don’t have to lie awake, not lay awake? 因为没有lay an object down . 或者lie’s past tense 用 I lay awake last night.