The top ten most affordable cosmopolitan cities in the world are listed, with Kuwait claiming the top spot, and include three cities in the United Arab Emirates: Abu Dhabi, Dubai, and Sharjah.
With an average monthly salary of $6,199 and an average monthly cost of living of $752.70, Kuwait is the most affordable city in the entire globe.
Kuwait is the most affordable location on the list, according to a Workyard Research survey, because residents can keep a sizable amount of their wages after covering their basic living costs. Despite having high incomes, New York is the most expensive city on the list due to its high living expenses.
Abu Dhabi is the second-cheapest city in the world for high salaries and low living costs. In this region, the average monthly household income is $7,154, and the average monthly cost of living is $873.10.
In terms of affordability, Riyadh comes in third with an average monthly income of $6,245. There are $814.90 in living expenditures per month. According to Workyard, Abu Dhabi and Riyadh both pack a punch with their huge paycheques and minimal bills.
Dubai and Sharjah, with average monthly salaries of $7,118 and $5,229, respectively, are fourth and fifth on the list. These cities have respective monthly costs of living of $1,007 and $741.30.
To identify regions where citizens can live comfortably while still earning a high wage, researchers examined data from 20 cities. The average monthly salary and monthly living expenses for each city were compared for 2023 using data from official labor sources. The result is a list of cities that offer exceptional opportunities for those looking for a high-earning, low-cost lifestyle.
With an average monthly salary of $7,312 and monthly living expenses of about $1,079.20, Melbourne, Australia, is a great place to work and live outside of the Middle East.
Oslo, Norway is not far behind either. With a median monthly income of $7,543 and a median cost of living of $1,121.50, it is a Nordic sanctuary.
London and San Francisco are eighth and ninth on the list, earning $8,411 and $9,249 per month, respectively. The cost of living in these cities is marginally higher at $1,260.80 and $1,440.10.
Zurich rounds out the top ten. The average monthly cost of living is $1,815.20, while the median monthly household income is $9,222.
Surprisingly, New York has the hardest time balancing income and living costs. Even though the average New Yorker only makes $4,205 a month, they must spend an incredible $1,448 on living expenditures.
Workyard said its data highlights the significant differences in the balance of income and living costs in various cities around the world.
“While some cities offer a hefty paycheck with minimal living costs, others provide a challenging ratio. So, whether you’re planning your next move or just daydreaming, it’s worth considering these cities as your next potential home,” it said.
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