Yeah, that's cheap... if you earn in Norway π The concept of cheap/expensive only makes sense if you consider it relative to the earnings of the local population, which is why we're usually looking at Purchasing Power Parity and Consumer Price Index which reflects the price of typical goods that everybody needs, or even a very simple but still useful BigMac Index which essentially tells how many burgers you can buy for $50 in each country https://www.economist.com/news/2020/01/15/the-big-mac-index