One of the factors checked by Deutsche Bank is also average monthly salary. This value (given with taxes already deducted) is a useful indicator of the wealth of certain cities.
The ranking mainly includes cities from the northern hemisphere and developed Western economies. However, you can find cities from Australia and New Zealand there.
It’s no surprise that people living in cities with higher costs of living earn more, including London, New York and Frankfurt. Over the past year, the average monthly salary in Frankfurt has jumped by $200. That’s all after Brexit banks intend to transfer employees from London.
The highest places in the ranking are occupied by roughly the same cities that occupied them in 2017. The top four have only swapped positions.
28. ViennaAustria – 2,425 USD
27. VancouverCanada – $2,458
26. BrusselsBelgium – $2,480
25. BerlinGermany – $2,482
24. TorontoCanada – $2,519
23. Hong Kong – $2,550
22. EdinburghGreat Britain – USD 2,565.
21. AucklandNew Zealand – $2,723.
20. DublinIreland – $2,762
19. ParisFrance – $2,886.
18. WellingtonNew Zealand – $2,946.
17. HelsinkiFinland – 2,988 USD
16. StockholmSweden – $2,999
15. TokyoJapan – $3,004
14. AmsterdamNetherlands – $3,058
13. Singapore – $3,099
12. MelbourneAustralia – $3,263
11. LondonGreat Britain – 3,381 USD
ten. FrankfurtGermany – $3,389
9. DubaiUnited Arab Emirates – 3,447 USD
8. CopenhagenDenmark – $3,462
7. ChicagoUnited States – $3,650
6. OsloNorway – 3,664 USD
5. BostonUnited States – 3,740 USD
4. SydneyAustralia – $3,914
3. new YorkUnited States – $4,115
2. San FranciscoUnited States – $4,974
1. ZurichSwitzerland – 5,764 USD