Deutsche Bank: 55 Select World Cities By Monthly Average Net Salary

[dimondpark]

This doesnt include all cities, just those they selected for their study.

Originally Posted by Deutsche Bank

Mapping the world's prices 2019
This is the 8th annual Deutsche Bank survey of global prices and living standards from various countries and cities around the world. We’ve focussed the analysis on 50 cities relevant to global financial markets.

Select World Cities in by Average Monthly Net Salary
1. San Francisco, U.S. $6,526
2. Zurich, Switzerland $5,896
3. New York, U.S. $4,612
4. Boston, U.S. $4,288
5. Chicago, U.S. $4,062
6. Sydney, Australia $3,599
7. Oslo, Norway $3,246
8. Copenhagen, Denmark $3,190
9. Melbourne, Australia $3,181
10. London, U.K.$2,956
11. Singapore, Singapore $2,900
12. Wellington, N.Z. $2,865
13. Tokyo, Japan $2,860
14. Dubai, U.A.E. $2,856
15. Dublin, Ireland $2,818
16. Amsterdam, Netherlands $2,795
17. Frankfurt, Germany $2,784
18. Helsinki, Finland $2,698
19. Vancouver, Canada $2,677
20. Stockholm, Sweden $2,630
21. Toronto, Canada $2,597
22. Paris, France $2,565
23. Auckland, N.Z. $2,550
24. Brussels, Belgium $2,503
25. Edinburgh, U.K. $2,501
26. Berlin, Germany $2,473
27. Hong Kong, China $2,399
28. Seoul, South Korea $2,397
29. Vienna, Austria $2,210
30. Madrid, Spain $1,790
31. Milan, Italy $1,721
32. Rome, Italy $1,526
33. Riyadh, Saudi Arabia $1,473
34. Cape Town, South Africa $1,302
35. Prague, Czech Republic $1,256
36. Johannesburgh, South Africa $1,223
37. Shanghai, China $1,184
38. Warsaw, Poland $1,079
39. Moscow, Russia $1,031
40. Lisbon, Portugal $1,013
41. Kuala Lumpur, Malaysia $1,009
42. Athens, Greece $853
43. Bangalore, India $760
44. Mexico City, Mexico $635
45. Mumbai, India $592
46. São Paulo, Brazil $584
47. Rio de Janeiro, Brazil $568
48. Buenos Aires, Argentina $527
49. New Delhi, India $521
50. Manila, Philippines $480
51. Istanbul, Turkey $433
52. Dhaka, Bengladesh $375
53. Jakarta, Indonesia $362
54. Lagos, Nigeria $236
55. Cairo, Egypt $206

https://www.dbresearch.com/PROD/RPS_...CES_2019.alias

[BnaBreaker]

Really surprised to see Mexico City and Buenos Aires so low... but maybe I shouldn't be.

[wwmiv]

I’m surprised Miami was not even included on the list, given the criteria for inclusion and the fact that they included Boston and SF.

[muppet]

Just as a marker, Vienna (no 29) is an expensive place with the worlds highest standard of living for a city. Those above I'd say are skewed by the UHNW 1%.

Another marker is Tokyo - the world's richest city, with high expenses but in a country with a low inequality index thanks to far fewer billionaires operating.

[dc_denizen]

Median ppp adjusted would be more interesting

[Crawford]

How would you even calculate net? Census doesn't have net income data. Any non-first world country won't have accurate income data anyways, because so many jobs are cash/off the books. 50% of jobs in Mexico are cash. Can you imagine Nigeria? They must just be surveying apples-apples professions, or something.

Also, some of these salary numbers are questionable. How does relatively poor Berlin have higher after-tax income than relatively rich Vienna? Austria doesn't have higher taxes.

[Crawford]

Originally Posted by BnaBreaker

Really surprised to see Mexico City and Buenos Aires so low... but maybe I shouldn't be.

Those cities have wealthy, elite upper classes, but overall incomes will definitely be low. They're developing world cities, with millions in third world poverty.

[Yuri]

São Paulo below Bombay while its GDP per capita it’s at least 5x higher? Cape Town edging Milan? And that’s just a couple of examples, the whole thing is absurd without any identifiable criteria.

Clearly another bogus ranking to entertain clueless readers.

[isaidso]

Originally Posted by muppet

Just as a marker, Vienna (no 29) is an expensive place with the worlds highest standard of living for a city. Those above I'd say are skewed by the UHNW 1%.

Highest by what criteria? I've seen Vienna top a quality of life index a few times over the last decade but that's about it. And there are quite a few cities above it who's numbers wouldn't be skewed by UHNW 1% any more than Vienna's.

[muppet]

There are three main liveability indexes.

It won this year (and last), for the Economist Intelligence Unit

https://www.economist.com/graphic-de...-liveable-city



Tenth time in a row by Mercer

https://www.wien.info/en/lifestyle-s...t-livable-city


and is currently 3rd place (after Munich and Tokyo) for Monocle (though perenially second place)

https://monocle.com/film/affairs/qua...5-cities-2019/

The city's that occasionally beat it are Munich, Melbourne, Sydney and Tokyo (all rated by Monocle), which also aren't as billionaire boosted (as for example, San Francisco, Mumbai, Beijing, London, NYC, Hong Kong, Moscow).

[Crawford]

Relative livability ≠ relative standard of living.

Actually relative livability is meaningless, and just a function of which subjective inputs you value most.

[The Chemist]

Originally Posted by muppet

T

Any study that puts Beijing ahead of Shanghai for livability, even if it's close, is pretty darned suspect in my eyes. Living in Shanghai but having been to Beijing many times for work, the livability of Shanghai is pretty far ahead of Beijing in many respects, walkability, air quality, and traffic being three prime examples.

[chris08876]

London really took a nose dive.

[jonspx]

Without know what areas are included in each city etc its meaning less.
San fransico for example is just the central part of a larger urban area.
yawn

[Pedestrian]

Originally Posted by jonspx

San fransico for example is just the central part of a larger urban area.
yawn

Yes, however in that particular example the statistics might not change much if you included the whole metro because there are many wealthy suburbs surrounding San Francisco that would actually make it look even better on this measure (as well as some low income enclaves that might pull it down a bit). Just limiting things to the city, though, you have both wealthy and poor with many of the region's recent immigrants and generational poor remaining in the city.

[iheartthed]

Originally Posted by muppet

There are three main liveability indexes.

It won this year (and last), for the Economist Intelligence Unit

https://www.economist.com/graphic-de...-liveable-city



Tenth time in a row by Mercer

https://www.wien.info/en/lifestyle-s...t-livable-city


and is currently 3rd place (after Munich and Tokyo) for Monocle (though perenially second place)

https://monocle.com/film/affairs/qua...5-cities-2019/

The city's that occasionally beat it are Munich, Melbourne, Sydney and Tokyo (all rated by Monocle), which also aren't as billionaire boosted (as for example, San Francisco, Mumbai, Beijing, London, NYC, Hong Kong, Moscow).

Lol. Athens is not in western Europe.

[Jonesy55]

Originally Posted by chris08876

London really took a nose dive.

Where do you get that from?

According to the link London's ranking is unchanged from last year and +3 compared with 2014