Zurich Too Pricey? Then Try LA For AffordabilitySource: www.export-egypt.com 5/29/2018, Location: Africa |
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The Swiss financial hub of Zurich remains the world’s most expensive major city and Egypt’s capital Cairo the cheapest, the annual rankings of 77 metropolitan areas by Swiss bank UBS found .
But Los Angeles features the world’s best buying power for the average worker’s salary, with Angelenos able to afford almost a quarter more than New Yorkers, according to the study, which uses New York as the basis for comparisons. Still, when factoring the high salaries many Zurich residents enjoy, the Swiss lakeside city came second to the Californian metropolis in purchasing power, with New York tenth. London was 23rd. |
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