However, if you’re interested to see a tastier than usual look at cost of living (and relative wages) this is a pretty good big picture breakdown.
How much does a big mac cost in mac#
So, if you’re looking to buy a Big Mac, you should get the price from the menu board near you. The Big Mac Index is a price index published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. Therefore, we can conclude that the market undervalues the Turkish currency by almost 68. However, the lira is cheaper in Forex about 13.42 lira per US dollar (as of January 2022). Since states are big and offer a diverse range of cost of livings, this price may not reflect the price you see at the drive-thru.įor example, densely populated areas often have higher prices, an eater in a rural city may see a lower price. While the price of the burger in the United States is 5.81, the Turkish currency exchange rate is 4.30 lira per dollar in terms of the Big Mac Index. We opted to only include the Big Mac, and not the meal price. Our data on Big Mac prices comes from .įrom there, we found the average Big Mac price in each state- identifying the most (and least) expensive states. How We Determined This - And What It Means In general, the Midwest is a pretty cheap place to visit Mickey D’s. Now that that Lebanese pound fell to a new low of 10,000 to the dollar, the price of a Big Mac in Lebanon stands at around 1.77, which is the cheapest world wide, followed by Russia at 1.81 (135. McDonalds Curious Heres how much a Big Mac costs in 21 countries. They basically do that by measuring each currency against a common standard the Big Mac hamburger sold by McDonald’s restaurants all over the world. Mississippi is the cheapest with the trademark burger only coming to $3.91. The Big Mac index, published by the Economist, is a way of making exchange rates a little more digestible. In the 12 states above, a Big Mac for $4.07 or less. As a fast food worker strike enters its second day, armchair prognosticators have taken their concerns to the internet, wondering whether they could afford a McDonald's Big Mac if the company paid. Notoriously pricy Hawaii goes as high as $5.31.
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A Big Mac- not counting fries or a drink- costs over $4.65 in all of them. McDonald’s isn’t quite so cheap in the above states. Keep reading to see the priciest (and cheapest!) places to get your Big Mac- and how we determined this. If you make it a value meal it will set you back $5.99.īut how much you pay will vary dramatically based on where you live. According to the The Economist’s latest Big Mac Index, which is used to measure the purchasing power parity between two currencies, a Big Mac sandwich in Norway sets customers back 7.06. While you can’t get a degree in Burgernomics, you can see the difference when looking at menu prices across the country. The cost of a Big Mac has become more than just how much your favorite burger at McDonald’s costs and transcended to a whole economic theory.