Tuesday, June 29, 2010

The World's Richest Cities by Personal Net Earnings in 2008

The following table lists cities by a score of the average net personal earnings in 2008, ranked highest to lowest, with the base score being 100 for New York City.

The table list 70 major cities, as reported by UBS. A high score means high wage earners and a low score lower wage earners. For furter explanation, please see the note below the table.

Cities Ranked by Personal Net Earnings in 2008.

Rank
Cities
Index
New York =100
1 Zurich 140.3
2 Dublin 132.3
3 Oslo 131.7
4 Geneva 130.4
5 Luxembourg 120.0
6 Copenhagen 114.1
7 London 110.0
8 Helsinki 108.7
9 Frankfurt 102.4
10 Munich 101.4
11 New York 100.0
12 Berlin 98.3
13 Vienna 97.9
14 Los Angeles 96.7
15 Sydney 95.8
16 Chicago 94.1
17 Brussels 93.3
18 Stockholm 92.2
19 Toronto 91.6
20 Tokyo 89.3
21 Montreal 87.7
22 Auckland 87.5
23 Amsterdam 87.3
24 Lyon 83.3
25 Nicosia 83.3
26 Paris 81.4
27 Barcelona 81.4
28 Madrid 78.6
29 Miami 74.4
30 Milan 71.0
31 Dubai 64.2
32 Athens 59.3
33 Rome 59.0
34 Seoul 50.6
35 Lisbon 46.1
36 Singapore 45.0
37 Taipei 43.4
38 Manama 38.1
39 Ljubljana 36.4
40 Sao Paulo 35.9
41 Johannesburg 35.4
42 Hong Kong 35.4
43 Prague 34.7
44 Moscow 31.6
45 Istanbul 31.3
46 Tallinn 29.3
47 Bratislava 26.6
48 Santiago de Chile 26.4
49 Rio de Janeiro 26.1
50 Budapest 25.6
51 Warsaw 24.8
52 Caracas 22.6
53 Vilnius 21.0
54 Riga 21.0
55 Buenos Aires 19.6
56 Lima 18.2
57 Kuala Lumpur 17.8
58 Bucharest 15.9
59 Bogota 15.7
60 Shanghai 15.5
61 Mexico City 14.0
62 Sofia 13.4
63 Kiev 13.1
64 Nairobi 13.0
65 Beijing 12.9
66 Bangkok 12.8
67 Mumbai 10.8
68 Manila 9.8
69 Delhi 9.7
70 Jakarta 8.3
 
Methodology
These calculations are based on wage figures, social security contributions and working hours in 2006 for fourteen widespread professions. Uniform criteria were used with regard to work experience, age, marital status etc. The wage index was weighted by the share of each occupation in overall employment and overall income and also by gender. The figures relate to pay net of taxes and social security contributions. In calculating the 2008 update of the wage index, UBS not only took account of exchange rates and inflation, but also factored in that part of the economic growth was due to productivity improvements and was therefore passed on to employees in the form of higher pay.

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