Kuwait Most Affordable City in World to Live In
A survey conducted by Workyard Research has revealed that Kuwait ranks as the most affordable city globally to live in, with an average monthly income per person of $6,199 and living costs of $752.70. This places Kuwait as the city where expats can retain a substantial portion of their earnings after covering basic expenses, reports Al-Rai daily. Interestingly, despite higher wages, New York emerged as the least affordable city to live in due to its high cost of living.
Abu Dhabi secured the second spot in the list of most affordable cities, combining high income with low living costs. The average monthly income per capita in Abu Dhabi was $7,154, with living expenses amounting to about $873.10. Riyadh secured the third position in terms of affordability, boasting an average monthly income of $6,245 and living costs of $814.90.
Dubai and Sharjah followed in fourth and fifth places, respectively, with average monthly incomes of $7,118 and $5,229, while living expenses were $1,007 and $741.30 respectively. Oslo comes next with an average monthly income of approximately $7,543 and living costs of about $1,121.50. Workyard’s experts analyzed data from 20 cities to assess the balance between income and living costs, including rent, food, and utilities.
The data was drawn from government sources and compared the average monthly income with the average monthly living expenses for 2023. This survey highlights cities that offer opportunities for individuals seeking a high income lifestyle with relatively low living costs. Workyard Research underlined that the data underscores significant variations in the income-to-living-cost balance across different cities worldwide.
Outside the Middle East, Melbourne, Australia, stands as a favorable location for a good monthly income and reasonable living expenses, with an average monthly income of $7,312 and living costs of approximately $1,079.20. London and San Francisco claimed the eighth and ninth positions on the list, boasting monthly incomes of $8,411 and $9,249, respectively, along with living costs of $1,260.80 and $1,440.10 per month. The survey highlighted that New York City faces the most challenging balance between income and living costs. While individuals there earn about $4,205 per month, they spend $1,448 on living expenses.
