Oslo still most expensive, but residents not richest

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Norway’s capital has once again won the dubious distinction of being the world’s most expensive city in which to live, but Oslo residents don’t have the highest degree of purchasing power. Pay levels in Oslo ranked fourth highest.

Residents of Zurich grabbed the top spot for purchasing power, according to the study conducted by Swiss bank USB. “A worker in Zurich can buy an iPhone after working for 22 hours,” wrote USB in its report. “In Manila, it takes around 20 hours more.”

Geneva and Copenhagen followed in the rankings of purchasing power, with Oslo fourth. The three cities with the highest average prices were Oslo, Zurich and Tokyo.

newsinenglish.no staff