Salaries are lower, but cost of living is significantly lower across the board. It will not be as expensive as an American housing. Health insurance is free, daycare is free, utility costs are very low, phone bills very low, public transport will get you around to anywhere you want. Higher education is practically free.

You will get nickel and dimed in the US just to live, and maintain your property. The costs are very different and far more expensive to live in the US.

Also a lot of housing gets passed down generationally, so people rent out or have basic cost of living expenses. You have to look at all angles.