New Yorkers are born and bred winners, but this particular #1 spot isn't exactly good news. New York City is the most expensive city in the whole wide world to live in, according to an analysis by Swiss bank UBS. Zurich and Geneva follow closely behind, but due to NYC's lethal combo of rapidly rising property prices, high cost of goods and services and low after-tax wages. COOL!
Chicago came in 7th, Miami 11th and Los Angeles 13th (no wonder so many of us are heading west). The cheapest cities (out of 71 surveyed) included Kiev, Ukraine and Sofia, Bulgaria. So if anyone's looking to spend the winter in a literal tundra, you could save some funds!
One good nugget of news is NYC does offer high wages compared to the rest of the world. UBS' data shows that New Yorkers need to work 24 hours to make enough money to buy an iPhone 6, compared with 163.8 hours for workers in Shanghai or 334.2 hours for workers in Manila. And we sure do love our smartphones! And we are also pretty friendly! Keep your head up, guys.