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Deutsche Bank
Markets Research
Global Economics Special Report
Mapping the Worlds Prices 2017
This is the sixth DB annual survey of global prices. It is a compilation of prices
from various countries and cities around the world. We continue to add new
cities, refine our methodology and while it’s impossible to exactly match
products and services around the world we try to ensure as much uniformity
as possible and then convert prices back to USD.
Weve added a few new series this year. In particular average after tax salaries,
average 2-bed apartment rental costs and finally a quality of life index that is
the most subjective measure in the report and will probably cause most
arguments, debates and disagreements. A lot of the data in the report is
crowdsourced (including this new quality of life index). Wellington, NZ comes
out on top out of the 47 cities we cover based on purchasing power, crime,
healthcare, cost of living, house prices, commuting time, pollution and climate.
Edinburgh, Vienna, Melbourne, Zurich and Copenhagen are next. Of our 47
cities, the mega cities like Tokyo (rank 27), NYC (28), Paris (30), London (33),
Shanghai (37) and Mumbai (45) rank very low mostly due to high living costs,
crime, pollution and commuting time. As we said this is highly subjective and
one persons long commute may be another persons chance to catch-up on
Netflix or better still DB research. Megacity dwellers may also forsake short-
term quality of life for aspirational reasons with these cities providing more
upside rewards from the average for those most successful.
Zurich remains the most expensive place to do and buy a lot of things but does
have the highest average salaries, followed by several US cities and then
Sydney. Sadly for the authors of this report, London has slipped out of the top
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