Every May, Deutsche Bank releases its annual "Mapping the
world's prices" report, cataloging the cost of goods and services
in a cross section of the world's biggest and most powerful cities.
To determine the cost of living all over the globe, the bank looks at
everything from the cost of a packet of cigarettes to how much the
average rent costs on a two-bedroom apartment.
One factor Deutsche's survey examines is how much people earn
on average every month. The figure, which deducts taxes, is a
handy indicator of the wealth of a city.
Broadly speaking, the cities that rank highly are in the northern
hemisphere in developed Western economies, but southern-hemisphere
powerhouses like Australia and New Zealand also feature.
Unsurprisingly, people living in cities where the cost of living is high
tend to have higher salaries, with financial centers like London,
New York, and Frankfurt, Germany, featuring prominently. Wages
in Frankfurt have risen more than $200 a month over the past year,
as banks look to move London-based workers to the city post-Brexit.
The top echelons of the list are relatively unchanged from last year,
with the top four cities the same as in 2017, albeit in a slightly
different order.
Check out the cities where people earn the most below. We've
included any city where the average monthly salary is higher than
$2,000 a month net of taxes.
28. Vienna — $2,425
REUTERS/Peter Nicholls27. Vancouver, Canada — $2,458
Photo by Spencer Watson on Unsplash
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26. Brussels — $2,480
Tatiana Popova/Shutterstock25. Berlin — $2,482
Adam Berry/Getty Images
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24. Toronto — $2,519
Inga Locmele/Shutterstock23. Hong Kong — $2,550
REUTERS/Bobby Kip
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22. Edinburgh, United Kingdom — $2,565
21. Auckland, New Zealand — $2,723
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20. Dublin — $2,762
19. Paris — $2,886
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18. Wellington, New Zealand — $2,946
17. Helsinki — $2,988
AP/Lehtikuva, Martti Kainulainen
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16. Stockholm — $2,999
15. Tokyo — $3,004
Sean Pavone
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14. Amsterdam — $3,058
13. Singapore — $3,099
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12. Melbourne, Australia — $3,263
Zephyr_p/Shutterstock11. London — $3,381
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10. Frankfurt, Germany — $3,389
9. Dubai, United Arab Emirates — $3,447
Shutterstock/Dmitry Birin
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8. Copenhagen, Denmark — $3,462
Shutterstock7. Chicago — $3,650
REUTERS/John Gress
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6. Oslo, Norway — $3,664
5. Boston — $3,740
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4. Sydney — $3,914
REUTERS/Steven Saphore3. New York City — $4,115
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2. San Francisco — $4,974
1. Zurich — $5,764
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