Buy, Don't Rent In These Cities


by SavvyRoo on Apr 28, 2016 | Views: 369 | Score: 0
Annual normal rent as a percentage of net earnings in 2015
Beijing122.9
Abu Dhabi69.5
Hong Kong64
New York63.1
Shanghai58.3
Mexico City58
Dubai55.4
San Francisco50.5
London50.4
Paris36.2
%
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SavvyRoo
SavvyRoo on Apr 28, 2016 12:25 PM said:

Making rent can be brutal on your finances, especially in these cities. According to a recent study by The Global Cities Business Alliance, Beijing is the city with the most expensive rent in the entire world. The average monthly rent in Beijing actually costs over 120% what the average worker makes in monthly earnings, meaning that most people cannot rent an apartment in Beijing while living on a normal salary.