2006 UBS Study "Prices and Earnings"

A global comparison of purchasing power in 71 cities around the world.

Four European cities and Tokyo most expensive - highest wages in Scandinavia, Switzerland and the US.

Oslo, London, Copenhagen, Zurich and Tokyo are the world’s most expensive cities. With the highest net wages, Zurich and Geneva, followed by Dublin, Los Angeles and Luxembourg, lead the pack in purchasing power.

People in Asia work the longest hours – almost 50 days more per year than Western Europeans. Asian workers at least partially compensate for low purchasing power through longer working hours.

Oslo, London, Copenhagen, Zurich and Tokyo are the world’s most expensive cities in relation to a standardized basket of 122 goods and services. The UBS study "Prices and Earnings" shows that life is particularly expensive in London and New York if the cost of housing is included. The basket of goods and services costs the least in Kuala Lumpur, Mumbai, Delhi and Buenos Aires.
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Tags: UBS, Economics, Expensive, Purchasing Power, Prices, Earnings