(Source: www.businessinsider.sg)

Last week Deutsche Bank released its annual “Mapping the world’s prices” report, cataloguing the cost of goods and services in a cross section of the world’s biggest and most powerful cities around the world.

The bank looks at everything from the cost of a packet of cigarettes to how much the average rent costs on a two-bedroom apartment, to determine the cost of living all over the globe.

One factor Deutsche’s survey examines is how much people earn on average every month. The figure, which deducts taxes, is a handy indicator of the wealth of a city. 

Broadly speaking, the cities that rank highly are in the northern hemisphere in developed western economies, but southern hemisphere powerhouses like Australia and New Zealand also feature.

Unsurprisingly, people living in cities where the cost of living is high tend to have higher salaries, with financial centres like London, New York, and Frankfurt featuring prominently.

Check out the cities where people earn the most below.

24. Edinburgh, United Kingdom — average monthly salary net of taxes: $2,293

23. Ottawa, Canada — $2,446

22. Amsterdam, Netherlands — $2,493

21. Toronto, Canada — $2,560

20. Paris, France — $2,583

19. Dublin, Ireland — $2,603

18. Helsinki, Finland — $2,620

17. Stockholm, Sweden — $2,622

16. Frankfurt, Germany — $2,626

15. Hong Kong — $2,715

14. Auckland, New Zealand — $2,762

13. London, United Kingdom — $2,776

12. Tokyo, Japan — $2,897

11. Wellington, New Zealand — $2,941

10. Copenhagen, Denmark — $2,958

9. Singapore — $3,077

8. Oslo, Norway — $3,154

7. Melbourne, Australia — $3,344

6. Sydney, Australia — $3,451

5. Chicago, USA — $3,622

4. New York, USA — $4,304

3. Boston, USA — $4,322

2. San Francisco, USA — $4,817

1. Zurich, Switzerland — $5,876

More Info: www.businessinsider.sg

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