In Nairobi, Jakarta and Kiev, the lowest-ranked cities, workers receive only around 5% of average gross earnings in Zurich. Tel Aviv workers earn the highest average gross wages in the Middle East, however workers in Manama, the capital of Bahrain, earn the highest net wages.
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Topping the list of the world’s most expensive cities are Zurich, Geneva, New York and Oslo, with Tokyo, London and Sydney also in the top 10.
Dubai is one of only four cities in the world where an average unfurnished three-room apartment rent for more than $3,000 a month, according to a recent study.
When it comes to wage levels, however, Tel Aviv is down in thirty-third place, meaning that salaries don’t keep up with what Tel Avivians have to pay for goods and services.
France economy minister Emmanuel Macron has been pushing for measures that give firms more flexibility to increase working hours, as the current working week in France is just 35 hours long, after a law was passed in 2000.
For the iPhone 6 16GB, workers in cities such as Zurich and New York City require on average less than three days on the job to be able to grab one.
But, according to Swiss bank UBS which carried out the research, we’re only the 13th highest earners on the planet.
The shortest working hours were found to be in Paris, while Manama had the most paid vacation. with an average of 34 days a year.
Workers in Hong Kong work 1,000 more hours than those in Paris, a difference of around four hours per workday. For instance, a worker in Zurich will have nearly 23 times the amount of money to spend after taxes than a similar worker in Kyiv, Ukraine. Zurich scored 108-point-seven while Geneva came in at 106-point-one. Eurozone cities plunged. Russian and Ukrainian cities plummeted due to the Ukrainian conflict and ensuing Russian sanctions, with Kiev now at the bottom of the price and wage charts.
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The high prices also mean that the Swiss cities are among the most expensive to visit.
