Some of the fastest growing cities in the world are not as friendly and accessible to its citizens...
London-based non-profit organization compared the price of living in major cities, which these days are the core of major business. More specifically, they compared the average price of renting an apartment, compared to average salaries.
In their report, there were a lot of cities, and we present 12 of the most expensive. Number one will probably surprise you.
12. Singapore
The average monthly rent: $ 1.033
The average share of the profits spent on rent: 33%
11. Chicago
The average rent: $ 1.377
The average share of the profits spent on rent: 35.6%
10. Paris
The average monthly rent: $ 880
The average share of the profits spent on rent: 36.2%
9. London
The average rent: $ 1.430
The average share of the profits spent on rent: 50.4%
8. San Francisco
The average rent is $ 2.824
The average share of the profits spent on rent: 50.5%
7. Dubai
The average rent: $ 1.281
The average share of the profits spent on rent: 55.4%
6. Mexico City
The average rent: $ 385
The average share of the profits spent on rent: 58%
5. Shanghai
The average rent: $ 518
The average share of the profits spent on rent: 58.3%
4. New York
The average rent: $ 2.629
The average share of the profits spent on rent: 63.1%
3. Hong Kong
The average rent: $ 1.930
The average share of the profits spent on rent: 64%
2. Abu Dhabi
The average rent: $ 2.460
The average share of the profits spent on rent: 69.5%
1. Beijing
The average rent: $ 789
The average share of the profits spent on rent: 122.9%
