Did you ever wonder which is the world’s most expensive city to do business in? Which offers the most value for money? Which city offers the most bang for money for couples going out on a Friday night? The UBS Report lays it all out for you.
According to an annual report prepared by UBS which ranks 77 metropolitan areas, Zurich, Switzerland’s financial hub, has maintained it top spot as the world’s most expensive major city while Cairo is the most pocket friendly.
Los Angeles, has emerged as as “the world’s best buying power for the average worker’s salary”, with “Angelenos able to afford almost a quarter more than New Yorkers”, reads the study, which uses NY as the basis for comparisons.
In terms of purchasing power, Zurich, again, came second to Los Angeles, while New York was placed 10th and London 23rd.
If you are wondering which city emerged as the winner, you would be surprised to know – it was Hong Kong.
In its subset of data, the report prepared by UBS covered 11 big cities where it would be best for millennials to purchase typical must-have goods including an a laptop, an iPhone, and a Netflix subscription.
It also emerged that, couples looking for a Friday night out for a meal which involved a bottle of wine and going out to a movie, will be shelling out the most if they are located in Tokyo, New York and Stockholm; the cities which give the best value for money are Prague, Mexico City and Rio de Janeiro.