Bulgaria's Wage Hike Still Falls Short: 240 Years to Catch Up with Germany
The minimum wage in Bulgaria is set to increase to 1,077 leva
Every May, Deutsche Bank publishes its annual report on the prices of goods and services in the world's largest cities. To determine the cost of staying in one place or another, the bank considers a number of factors like the value of a pack of cigarettes to rents for housing.
One of the most important aspects of the study, however, is the average wage taken without taxation. It is a key indicator of the well-being of a city.
It is hardly surprising that in settlements where the price of goods and services is higher, wages are also higher. It is primarily about developed Western economies.
Here are the 13 cities with the highest average wages in 2018. The salaries are in dollars.
13. Singapore - $ 3099.
12. Melbourne, Australia - $ 3263.
11. London, United Kingdom - $ 3381.
10. Frankfurt, Germany - $ 3389.
9. Dubai, UAE - $ 3447.
Photo: forbesmiddleeast.com
8. Copenhagen, Denmark - $ 3462.
7. Chicago, USA - $ 3650.
6. Oslo, Norway - 3664.
Photo:Visit Norway
5. Boston, USA - $ 3740.
4. Sydney, Australia - $ 3914.
3. New York, USA - $ 4115.
Photo:Greentech Media
2. San Francisco, USA - $ 4974.
1. Zurich, Switzerland - $ 5764.
According to a report by a real estate agency cited by Euronews, one in six Europeans, or 16%, have had to reduce their food intake and cut back on basic living expenses in the past year
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