|"World Cities with the Highest Salaries"|
Posting by Staff
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September 29, 2010
Switzerland's largest bank, UBS, has published an annual research called "Prices and Earnings," which compares the wage levels of the world's largest cities.
Those interested in high wages should still consider moving to Zurich, Copenhagen or Geneva. Switzerland is still by far the
world leader in terms of both net and gross wages.
According to the research, the salaries are the highest in Zurich - 26 percent higher than what New Yorkers receive. The list continues with Copenhagen, Geneva, Oslo and New York. The lowest salaries are paid to residents of Mumbai - they make up only 6.5 percent of those in New York.
Sydney gained the most in the rankings, moving from 20th to 6th place, thanks to the strengthening of the Australian dollar(AUD) versus the US dollar, as mentioned above. StockholmÄ—s ranking was also boosted by a strengthening currency, rising from 17th place in 2009 to 8th owing to a 12% rise in the Swedish krona (SEK). Ireland declined on inflation of 2.2% and a contraction in gross domestic product (GDP) of roughly 5%. These negative figures caused Dublin to slip nine places.
2009 Wage levels|
New York = 100|
|5 New York||100.0|
|7 Los Angeles||90.9|