U.S Basks in Glory with 4 Cities included in the List of Cities with Highest Salaries

The Deutsche Bank recently released its- ‘Mapping the World Prices’ report, in which it has published the names of the cities having the highest salaries around the globe. This report catalogues the cost of goods and services of the most powerful and biggest cities of the world. This bank takes into consideration all the aspects of the cost of living of people. It considers the average rents of a 2-bedroom apartment as well as the cost of a pack of cigarettes, for determining the cost of living around the globe, reports Business Insider.

It is obvious that the people living in cities having a high cost of living have a higher salary compared to others. Such cities having a high-end living cost include locations like New York, London, etc. As an observation, the cities with a high cost of living are mostly located in the northern hemisphere. But some cities from the southern hemisphere like New Zealand and Australia are also power players and included in the list of cities with highest salaries.

Cities having Highest Salaries linked to a High Cost of Living

The survey done by this bank examines one important factor which is the average earnings of people per month. The final figure is the one that comes after deducting taxes and it is a significant sign showing the wealth of the city.

Now, the cities having a high cost of living will obviously have to tend to the standards of its culture. This is why; the salaries of such major cities will also be on the higher side.

Business Insider has published the list of the 24 cities having the highest salaries in the world; as per the ‘Mapping the World Prices Report’ by Deutsche Bank. The city basking in glory with the top-most position is not from the U.S. but its Zurich, in Switzerland. But U.S. still rejoices, as its 4 major cities are in the Top 5 of this list.

Zurich, Switzerland at $5,876

zurich highest salaries

San Francisco, U.S.A at $4,817

san francisco in cities with highest salaries

Boston, U.S.A at $4,322

boston in cities with highest salaries

New York, U.S.A. at $4,304

new york in cities with highest salaries

Chicago, U.S.A. at $3,622

chicago in cities with highest salaries

Other cities included in the list of cities having highest salaries in the world are-

Sydney, Melbourne, Oslo, Singapore, Copenhagen, Wellington, Tokyo, London, Auckland, Hong Kong, Frankfurt, Stockholm, Helsinki, Dublin, Paris, Toronto, Amsterdam, Ottawa, and Edinburgh

iPhones are cheaper in the U.S at around $815 compared to 33 other countries, as reported by MarketWatch. Moreover, if you love your mug of beer, you can find the cheapest in Prague. While Oslo ranks at the highest for the most expensive beer. San Francisco, ranks at number 15 in this expensive brewery list of countries. Also, you can find cheaper gas in comparison to 40 other countries in cities of U.S. like Boston, New York, and Chicago. Hong Kong is at the top of the list for expensive gas; and Wellington is at Numero 1 position in the list of the quality of life relating to climate.

Christy Gren
Christy Gren is an Industry Specialist Reporter at Industry Leaders Magazine she enjoys writing about Unicorns, Silicon Valley, Startups, Business Leaders and Innovators. Her articles provide an insight about the Power Players in the field of Technology, Auto, Manufacturing, and F&B.

Leave a Reply

Your email address will not be published.

Recent Posts

NASA Set To Unveil The Deepest Image Of The Universe

NASA Set To Unveil The Deepest Image Of The Universe

Thomas Zurbuchen revealed that seeing the deepest image of the universe for the first time will be akin to witnessing nature “giving up secrets that have been there for many, man
6 hours ago
SEC Fines Ernst & Young $100 Million Over CPA Cheating Scandal

SEC Fines Ernst & Young $100 Million Over CPA Cheating Scandal

The SEC said that EY had earlier been intimated about the potential of staff cheating on accountant exams by an employee. Furthermore, even after an internal EY investigation confi
11 hours ago
A Google Analytics Ban Sweeps Across the EU

A Google Analytics Ban Sweeps Across the EU

The decision came after careful consideration of several complaints by the Austrian NGO noyb. The NGO filed nearly 101 complaints with all EU data protection authorities.
1 day ago
It’s Time. To Ban TikTok, Says US FCC Commissioner

It’s Time. To Ban TikTok, Says US FCC Commissioner

For years, TikTok has continued to assure authorities that data collected from US users is stored in the US, and not China as many believe. A recent Buzzfeed report set fire to the
1 day ago
Tesla Shuts San Mateo Office Laying Off 200 Employees

Tesla Shuts San Mateo Office Laying Off 200 Employees

The billionaire entrepreneur had previously commented on reducing the salaried workforce at Tesla. Out of nearly 100,000 Tesla employees worldwide, 42% are based out of the United
2 days ago
The Mattel Metaverse – Launched by Cryptoys

The Mattel Metaverse – Launched by Cryptoys

In a recent interview, he acknowledged that toys and players are continuously evolving. Keeping this in mind, the company wants to develop its wares both in the physical and digita
2 days ago