Friday, 14 February 2025

Zagreb residents can't afford much with their average salary

Written by  May 29, 2018

Los Angeles residents can afford the most with their average salary, while the Croatian capital Zagreb is ranked 69th among 77 cities in the annual analysis of the UBS Swiss bank – Poslovni.hr reports.

UBS analysts make their annual list based on the price of 128 products and services and compare them with the average salaries of 15 professions in 77 world cities.

The reference point is New York with index 100.

Los Angeles residents (index 123.9) can afford almost one quarter more than New Yorkers. Second is Switzerland's financial center Zürich (index 122.5) and it’s followed by Miami, Geneva and Luxembourg.

Zagreb is on the 69th place with index 26.9, which means that the inhabitants of the Croatian capital can afford a quarter of what New Yorkers can do.

The last three places on the list occupy Jakarta (19.2), Cairo (16.9) and Lagos (7.9).

When it comes to prices alone, the situation is a bit different. Zürich is the most expensive, while Zagreb is ranked 35th according to that criteria.

The prices are the highest in Zürich (index 116.8) followed by Geneva, Oslo and Copenhagen. New York is the fifth in the world when it comes to prices.

The cheapest is Cairo (index 34.6), and in Zagreb the index is 74.5 and is one place ahead of rich Dubai.

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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