Annual normal rent as a percentage of net earnings in 2015 | |
---|---|
Beijing | 122.9 |
Abu Dhabi | 69.5 |
Hong Kong | 64 |
New York | 63.1 |
Shanghai | 58.3 |
Mexico City | 58 |
Dubai | 55.4 |
San Francisco | 50.5 |
London | 50.4 |
Paris | 36.2 |
%
Sources:
businessincities.com
Annual normal rent as a percentage of net earnings in 2015 | |
---|---|
Beijing | 122.9 |
Abu Dhabi | 69.5 |
Hong Kong | 64 |
New York | 63.1 |
Shanghai | 58.3 |
Mexico City | 58 |
Dubai | 55.4 |
San Francisco | 50.5 |
London | 50.4 |
Paris | 36.2 |
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.