ShareKUWAIT: A survey conducted by Workyard Research showed that Kuwait ranked first on the list of the world’s cheapest cities to live in, with average per capita monthly income in the country of $6,199, while the cost of living reaches $752.70. An individual in Kuwait can keep a large portion of their salary after covering their basic expenses, making Kuwait the lowest-cost city to live on the list, the report said. Despite rising wages, New York came out as the least affordable city to live in due to the high cost of living.
On the other hand, Abu Dhabi ranked second on the list of the cheapest cities to live in the world in terms of high income and low cost of living, with an average monthly income of $7,154 there, while $873.10 is spent on living costs. Riyadh ranked third in terms of affordable prices, with an average monthly income of $6,245 and a living cost of $814.90. Dubai and Sharjah come in fourth and fifth place on the list, with average monthly incomes of $7,118 and $5,229 per month respectively, while living expenses are $1,007 and $741.30 respectively.
Workyard experts analyzed data from 20 cities to determine where people earn good money but don’t have to spend much on living costs such as rent, food and utilities. Data was compiled from government sources, comparing the average monthly income of each city to the average monthly living expenses for 2023. The list reveals cities that offer great opportunities for individuals looking for a low-cost, high-income lifestyle. Workyard Research said its data highlights significant differences in the balance of income and the cost of living in different cities around the world.
Away from the cities of the Middle East, the Australian city of Melbourne is a good place to earn a good monthly income and live in it, with an average monthly income of $7,312 and a cost of living of about $1,079.20. Next comes the city of Oslo, which has an average monthly income of about $7,543, while its people spend about $1,121.50 on the cost of living.
London and San Francisco occupy the eighth and ninth places on the list, with monthly incomes of $ 8,411 and $9,249 respectively, while the cost of living in these two cities is $1,260.80 and $1,440.10 per month respectively. According to the survey, New York City faces the toughest challenge of balancing income and the cost of living. There an individual earns about $4,205 a month, but spends $1,448 on the cost of living.
