It is cheaper than most European Countries, but East Asia is cheapest due to tax rates of ~5-10%. It is also because alot of tech is assembled there so its cheaper to ship it.

US tax rates vary by state, but look to be about 8-16%.

Most European countries are between 20 and 25%, bar a few smaller ones.

Then ofcourse we have the currency fluctuations and the good old US still trying to pretend the Dollar is what it used to be...