Eardex.com: How Much Is Cost Of Living In The Towns And Cities, Regions And Countries Of The World?

Online, October 27, 2011 (Newswire.com) - Key features of Eardex.com:

- Up-to-date information on cost of living - worldwide
- Based on local prices of specific products and services
- Data provided be the users ("wisdom of the crowd" principle)
- Of interest for tourists, backpackers, business travelers, expats and globetrotters of all kinds
- Perfect source of information to calculate the holiday/traveling budget

Since a couple of days, there is a new website out there enriching the World Wide Web: www.eardex.com. Eardex (short for Earth Index) is a free web portal providing an overview on cost of living in all towns and cities, regions and countries of the world. For this purpose, the Eardex database collects and shows the local prices of more than 45 specific, popular and internationally comparable products and services. The project is based on the "wisdom of the crowd" principle, which means that the data is provided by the Eardex users. The principle: Eardex provides the platform, the users provide the input.

Thus, Eardex is of interest for tourists, backpackers, business travelers, expats and globetrotters of all kinds, for example, who would like to calculate their holiday/traveling budget. And, of course, for all other people who would like to know what single products (e.g. hotel, rental car, eating out, different food products etc.) cost or how much living in general is in other towns and cities, regions and countries of the world. And there should be a lot of interest: In part due to the globalization, there is an increasing number of expats, whether for business or private reasons. And as regards tourists: worldwide, the number of international tourist arrivals in 2010 stood at 935 million, according to the UNWTO World Tourism Barometer.

Fabian Walker, one of the founders of the German start-up, explains: "If you are traveling a lot and are highly interested in other countries, the local price level is always a crucial factor. However, the search for prices in a desired location turned out to be quite tricky - in every single case. We were not willing to accept that - and that's exactly how our idea to set up Eardex was born."

The Eardex idea: Everybody is able to answer questions on local prices when it comes to his or her home town or a spot already visited. We would only need to find a way to exchange our knowledge.

And so the Eardex team created a website which offers just that: a platform to exchange knowledge about product prices, including the corresponding functionalities to process and display the collected data in an easy-to-find manner. What's lacking at that point is the actual data, the information on prices. And that's where the users step in, who enter the prices on Eardex.com themselves.

As the project just started recently, it is natural that there still are a lot of places without proper price indications. The site operators hope that people will like this idea, leading to users worldwide entering prices. Thus, the Eardex database will quickly comprise a large number of entries, offering reliable information on prices at a lot of destinations worldwide - absolutely free for all users. Fabian Walker adds: "And that's the point where we have achieved our objective: Finally, our curious questions about the price level in other parts of the world will be answered!"

Press Contact:
Eardex.com
Steffen Schmeisser
Phone: 0049 179 6088964
E-mail: [email protected]
Internet: www.eardex.com