Speaking of huge emolument in modern time, there are those cities that pay the highest salaries in the world following the economic reason that they are lucky to maintain and sustain a strong socioeconomic polices and planning that suffice to keep them afloat and at breast with the other world powers.
Having travelled and explored the world to know which of these countries of the globe have the cities where there is a big financial reward nd motivation for workers from all over, we have discovered that America and Germany have the highest number of cities that pay the highest.
With company giants such as Facebook, Google, Apple, Uber, Salesforce all paying healthy six-figure salaries on average, it should come to no surprise that not only is San Francisco the highest-paying city in the world. Nowhere in the world has a more vibrant economy than San Francisco. Average salaries in San Francisco have risen by 31% and by 88% over the past five years. San Francisco is the highest-paying city in the world according to Deutsche Bank research. 23-year-old college graduates at big tech companies are easily making $150,000 – $200,000 a year all-in.
Unsurprisingly, people living in cities where the cost of living is high tend to have higher salaries, with financial centers like London, New York, and Frankfurt, Germany, featuring prominently. Wages in Frankfurt have risen more than $200 a month over the past year, as banks look to move London-based workers to the city post-Brexit.
Read Also: Jobs That Earn the Highest Salaries in the World
One of the things to look out for when weighing the cities that pay the highest salaries in the world where the highest paying jobs are that has the fastest growing highest paying jobs, we must judge by its financially strongest companies. Let us therefore check out for the cities that pay the highest salaries in the world:
-
San Francisco
San Francisco can expect to be paid an average of $6,526 per month — that’s 42% more than the average New Yorker’s income. Deutsche Bank’s analysis, which compared incomes and living costs in 56 cities worldwide, found that average earnings in San Francisco, where residents had the strongest purchasing power in the world, had increased by 88% over the last five years.
Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research.
-
New York
New York City, with average monthly earnings hitting $4,612, was the third highest-paying city in the world. Monthly salaries saw a year-on-year increase of 12% in New York, helping the city hold onto the third spot in the ranking.
-
Zurich, Switzerland
Zurich, Switzerland, came in second, offering an average monthly income of $5,896, although it lost the top spot this year after seeing average earnings decline by 18% over the last five years.
Others Are:
-
Sydney, Australia (Monthly salary: $3,599)
-
Oslo, Norway (Monthly salary: $3,246)
-
Chicago, US (Monthly salary: $4,062)
-
Boston, US (Monthly salary: $4,288)
-
Copenhagen, Denmark (Monthly salary: $3,190)
-
Abu Dhabi (Monthly salary: $2,062)
-
London, UK (Monthly salary: $2,956)
-
Melbourne, Australia (Monthly salary: $3,181)
