These cities have the best quality of life

new york

(Julius Jansson, Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Rosamond Hutt, Senior Writer, Formative Content


Residents of Zurich enjoy the best quality of life in the world, according to Deutsche Bank’s latest research.

The Swiss city overtook New Zealand’s capital Wellington to claim the top spot in the quality of life category in the bank’s Mapping the World’s Prices 2019 survey.

Copenhagen, Edinburgh, Vienna, Helsinki, Melbourne, Boston, San Francisco and Sydney round out the rest of the top 10.

The report by Deutsche Bank Research looked at costs and living standards, measuring the quality of life in 56 global cities based on a range of factors, including consumer purchasing power, safety, healthcare, cost of living, housing affordability, commutting and pollution.

While European, American and Australian cities offer the highest quality of life, some major European cities have not fared so well. Frankfurt, which held the top spot five years ago, fell four places to 13th this year, while Paris slid two spots to 36th, and London was down six to 41st place.

In fact, when it comes to the highest living standards, smaller global cities seem to have the edge over megacities. Take New York as an example: though ranked 5th for disposable income after rent, it only placed 31st for quality of life.

Overall, the megacities – with the exception of Tokyo – are left languishing in the second half of the list. Nigeria’s largest city, Lagos, is at the bottom, followed by Beijing and Manila.

What’s the World Economic Forum doing about the future of cities?

 

Highest-paying cities

For the eighth edition of its annual survey, Deutsche Bank Research focused on cities experiencing major change over the past five years.

Still one of the world’s most expensive cities, Zurich – the Swiss banking capital – no longer boasts the highest salaries and disposable income after rent.

Thanks to the rapid growth of the US tech sector, that’s now San Francisco, where average salaries have risen 31% since 2018 and 88% over the last five years. As of 2019, average earnings in San Francisco were more than $6,500 per month – 142% more than the average New Yorker’s income.

Over the past five years, San Francisco has climbed seven and 21 places, respectively, in the rankings of salaries and disposable income after rent.

The report also notes that, buoyed by a stronger US economy and dollar, New York, Boston and Chicago have edged Australian and major European cities out of the top five on the salary and disposable income metrics.

“When we started this report back in 2012 the US was a very cheap place internationally and salaries were generally competing to be in the top 10, not dominating the top five as they do today,” the report’s authors write.

Deutsche Bank’s survey also compares costs such as monthly rent and the price of internet access, as well as analyzing extras like the price of a cappuccino, a date night out and an iPhone.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Prospect of negotiated peace in Afghanistan ‘never been more real’ – UN mission chief

Trust is at breaking point. It’s time to rebuild it

South Sudan famine threat: UN food security agency in ‘race against time’

A new world that demands new doctors in the fourth industrial revolution

‘Dangerous nationalism’ seriously threatens efforts to tackle statelessness: UNHCR chief

EU countries should ensure universal access to sexual and reproductive health

A vaccination race between nations can have no winners

Independent Ethics Body: improving transparency and integrity in EU institutions

Is co-living an answer to the affordable housing crisis?

Antitrust: Commission accepts commitments by Transgaz to facilitate natural gas exports from Romania

The ‘ASEAN way’: what it is, how it must change for the future

6 things to know about coronavirus today, 1 April

On Grexit: Incompetence just launched the historic Ultimatum that could open “pandora’s box”

UN General Assembly urges greater protection for Palestinians, deplores Israel’s ‘excessive’ use of force

Coronavirus Global Response: WHO and Commission launch the Facilitation Council to strengthen global collaboration

Iraq needs support to ‘leave violent past behind’, says UN envoy as Security Council extends UN mission for one year

The circular economy could forever change how cars are made – here’s how

Anxiety disorders and their relationship with COVID-19

Tobacco in Pakistan: is it worth to burn your money?

European businesses must balance digital with sustainability. Here’s how

In Tokyo, UN chief expresses full support for US-Japan dialogue with North Korea

Gender disparity in salary and promotion in medicine: still a long way to go

What the buoyant US economy means for the rest of the world

Tougher defence tools against unfair imports to protect EU jobs and industry

Can autonomous cars make traffic jams a thing of the past?

Venezuelan exodus to Ecuador reaches record levels: UN refugee agency steps up aid

On Youth Participation: Are we active citizens?

5 things you might not know about Leonardo da Vinci

Eurozone hasn’t escaped the deflation danger

Vendor Pulse – 2000

My experience living with depression and schizophrenia in Thailand

UK Labour Party leader Corbyn readies to change Brexit political backdrop

EU-Turkey relations: EU considers imposing sanctions while Turkey keeps violating Cyprus’ sovereignty

Draghi rehabs ECB into a tool to support growth and employment; a departure from Teutonic orthodoxy

To hope or doubt? The state of women’s progress in the world

India’s strategy in space is changing. Here’s why

UN expert calls for international investigation into ‘evident murder’ of Jamal Khashoggi

It’s time for cybersecurity to go pro bono

We need to talk about how we define responsibility online – and how we enforce it

Road use charges: reforms aim to improve fairness and environmental protection

Investing in nature gives industry and business a competitive advantage. Here’s why

Public Policies for LGBT in Brazil

These are the world’s most positive countries

Does the sharing economy truly know how to share?

Commission presents EU-Vietnam trade and investment agreements for signature and conclusion

European Commission Joint Research Centre opens world-class laboratories to researchers

UN calls for support to implement Central Africa’s newly minted peace agreement

6 ways data sharing can shape a better future

COVID-19: EU helps deliver vaccines to Kosovo

A Valentine’s Special: giving back, a dialogue of love

Can cybersecurity offer value for money?

EU Parliament says ‘no’ to austerity budget

The world’s economy is only 9% circular. We must be bolder about saving resources

Here’s how tech is revolutionising transport for low-income communities in urban Africa

New General Assembly President brings ‘valuable insights’ into key UN challenges

Yemen blast kills 14 children, leaves others fighting for their lives in Sana’a

“Sorry mom it’s not our day”: the true refugee story of a young doctor and his family forced to flee their home

Why collaboration is key to global reforestation efforts

‘Growing alarm’ over Fall Armyworm advance, with cash crops ‘under attack’ across Asia

European Commission issues first emission of EU SURE social bonds

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: