The 12 cities with higher wages than London

It doesn't take a study to confirm that a work-life balance is harder to strike in London than elsewhere.

But now there is proof. The capital is the sixth most expensive city in the world in which to live and work, but its workers are not in the top 10 global earners.Londoners are only the 13 highest earners according to a survey by Swiss bank UBS.

While it is cheaper to live in Sydney, Copenhagen and Chicago, all three cities offer workers better wages.

The best deal is in Switzerland. Workers in the Zurich and Geneva earn the highest gross wages, while Luxembourg comes third. In Nairobi, Jakarta and Kiev, the lowest-ranked cities, workers receive only around 5 per cent of average gross earnings in Zurich.

 

The study, published every three years since 1971, compiles more than 68,000 data sets to produce a glimpse of the world in 2015.

Cities are ranked from a low of 6.3 (Kiev) to an off the charts high of 141. The mean is 100.

Their place in the index table is from 0-100, and in descending order based on gross wage.

13. London - Excluding rent, London is the sixth most expensive city in the world, and workers’ gross earnings are, on average, the 13th highest. UBS ranking is 75.8

 

The British capital of London is the third most expensive city in the world 

 

12. Stockholm - Gross pay is 76.1 on the UBS chart

 

Water feature: the city sits between a lake and the Baltic Sea

Water feature: the city sits between a lake and the Baltic Sea 

 

11. Montreal - Gross pay is 77.4 on the UBS chart

 

City limits: combining a trip to the US with a Canadian city such as
Montreal could be tricky 

 

10. Chicago - On a scale where the median is 100, Chicago is85.4, making it one of the highest paid major cities in the US

 

Tall storey: the Trump hotel offers river, lake and city views 

 

09.  Los Angeles - LA is ranked 88.2 on UBS wage levels chart, putting it a little ahead of Chicago, but not as good as America's best paid cities

 

Hollywood sign in the Hollywood Hills, Los Angeles, California 

 

08.Oslo - Within the Scandinavian countries, Oslo has the lowest net wage bill thanks to high social security taxes. It is ranked 87.9

 

 

 

07. Sydney  - Gross pay is 89.8, behind LA and Chicago due to higher taxes

 

7. Sydney, Australia: Sydney is one of those places where you may feel you know the city already, with key famous landmarks like the Opera House and the Harbour Bridge

7. Sydney, Australia: Sydney is one of those places where you may feel you know the city already, with key famous landmarks like the Opera House and the Harbour Bridge 

 

06. Copenhagen -  Gross pay is 92.4 but the workers are highly taxed too. Copenhagen loses 20 spots in the rankings, due to income deductions of around 45 per cent  (compared to 14 per cent in Zurich).

 

 

 

05. Miami - The second best payed city in the US, ranked 92.7on UBS chart

 

An extended break in Miami Beach may be tempting, but US employees are taking less time offAn extended break in Miami Beach may be tempting, but US employees are taking less time off 

 

04. New York City - New York City is ranked 100. It had the greatest variance across gross wages, signaling a different salary level for different levels of education; an educated department manager makes on average almost $120,000 more than a female factory worker

 

The Statue of Liberty is seen with Lower Manhattan in the background in this aerial view 01 July 2007 in New York

The Statue of Liberty arrived in New York 130 years ago today 

 

03. Luxembourg - Ranked 106.4 gross on the UBS chart, the Luxembourg employment market is among the most attractive of the European Union. In January 2015, an unqualified adult could count on a monthly gross income of 1922.96 euros for 40 hours of work per week.

 

View of Luxembourg old town

View of Luxembourg old town 

 

02. Geneva - Geneva gross pay is 130.3 gross on the chart. It is one of the top three cities for wages and purchasing power

 

Waterworks: Geneva's Jet d'Eau

Waterworks: Geneva's Jet d'Eau 

 

01. Zurich - With 131.5 Zurich tops the list. The average Zurich resident makes above $41 per hour before tax, 21 times more than a person working in Kiev. The cost of living excluding rent is only 2.8 times higher, while the rent is 4.4 times above the one in the Ukrainian capital. It is the city with the highest paid workers in the world.

 

A view over the Limmat river in central Zurich

A view over the Limmat river in central Zurich

 

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