SAN FRANCISCO: Looking for a bump in salary and lifestyle? Then try San Francisco. The west coast US city has soared up the rankings to dislodge Zurich for the highest salaries and disposable income after rent, according to Deutsche Bank’s Mapping the World’s Prices 2019. Over the past five years alone, San Francisco has risen 7 and 21 places on both gauges.
“The rapid growth of the US tech sector is helping San Francisco beat traditional capital cities for incomes," Deutsche Bank’s Jim Reid, Craig Nicol and Henry Allen wrote in the report. “Whilst its cost of living is increasing each year and rising up the cost rankings on most measures we cover, it still lags major global capitals. In terms of 2-bed rents however, it is only behind Hong Kong."
Much of the shift is down to the dollar’s surge over the past half decade, which has helped inflate the position of US cities versus global peers.
Zurich hasn’t relinquished all of its territory. The Swiss city tops the survey for quality of life and is number one, or close to it, for the cost of goods and services. It also remains the most expensive city to go on a date.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.