Comparing Average Rent In 540 Cities Around The Globe

If you've ever wanted to know how much it costs to live around the world by budget, look no further. A Reddit user used data extrapolated from Numbeo to create a chart of the average cost to rent a dwelling in 540 cities worldwide, separated in $50 increments and color-coded by geographic region.

It costs an average of $800 per month, for example, to rent in Bangkok, Montreal and Muscat, Oman.

KyleKun's process

I used Numbeo's Cost of Living Index Rate (pulled on June 16, 2018) to obtain the rent index for the cities featured in this chart. I used my home town of Cincinnati's average monthly rent (about $950) as the reference number to calculate every other city's average monthly rent, based on each city's respective rent index.

Next, I rounded each rental value to the nearest $50 interval. You can check my work here... I tried to choose cities that somewhat contrasted with each other, were in totally different geographies, or in cases where it was sort of unexpected (to me) that the cities had similar rental costs based on the data.

That said, things such as affordability and average dwelling size are absent this analysis - which KyleKun says he plans to integrate in the future. Crime rate, happiness index and average temperatures would also be interesting metrics to be able to filter and sort by in an interactive format - but let's not get carried away. 

(click to enlarge)

In terms of affordability - the most expensive (San Francisco) doesn't necessarily mean it's the least affordable. As UBS reported recently, Hong Kong may not be the most expensive city to live in - but it's the world's most unaffordable - as a skilled service worker needs to work an average of 20 years to buy a 650-square-foot (60 square meter) apartment near the city center. 

[insert: ubs unaffordable.jpg , hong kong centaline.jpg ]

It will be interesting to see what KyleKun's chart looks like 10 years from now, and how many years the average skilled service worker in Hong Kong needs to afford a tiny apartment. 

Comments

Free This Four Star Mon, 07/09/2018 - 15:52 Permalink

Reminds me of:

The rents are too damn high.

How many votes did that perckerwood get anyway? 3?

Long and short of it, let the market decide, not regulation or manipulation.

Sic Semper Tyrannis

What's with all the regurgitated stories, must be a slow news day? The casino is up, must be all this trade war bull shit LOL

In reply to by Four Star

TheGardener giovanni_f Mon, 07/09/2018 - 08:35 Permalink

But he only would have to earn 110% of minimum wage working full time to pay the rent only.  Imagine all those savings ! Assuming utilities paid for by parents to get them out of their basement his equally skilled spouse`s minimum wage would be consumed by the cost of owning a car. Provided they both get to their perspective workplaces with one car only they freaking made it in rich Munich ! But they have not eaten yet, despite two full time jobs...

In reply to by giovanni_f

TheGardener FrankDrakman Mon, 07/09/2018 - 11:16 Permalink

Sorry for the misunderstanding : Skilled worked is the upper threshold for getting a full time job with full side costs to the employer. Working  out at minimum wage at some 800 $ minimum employment taxes/contributions for starters. Very little Euros on the pay check, most SME can`t afford employees anymore and wind down their operations despite the EURO put to extend their doomed lifetimes.

1100+ at the most in depressed and by now in  most manufacturing regions of Germany.

Skilled as shit as an in Prussian times. Force recruited as by Napoleon those Prussians keep on marching.

Stop this ,l you guys plan to live in or off  in Germany so please fully stop to reverse the invasion.

 

 

In reply to by FrankDrakman

TheGardener kev the bev Mon, 07/09/2018 - 08:46 Permalink

Just think of average rents from easily public available sources to interpret this great idea list . Perth above Tokyo tells the story for me , but Aussie is clearly the bubble one out right next to the US.

Easy credit does that to your perennial renter existence  , but a roof is roof so the rogue big mac index approach should do to show how the one world thing has changed things for the worse for everyone.

In reply to by kev the bev

TheGardener FrankDrakman Mon, 07/09/2018 - 11:34 Permalink

Back in the eighties there was no such thing in Aussie to call a coffee.

Just some brew but at least not delivered half cold as in the US.+

Then , suddenly , best of breed Italian coffee machines all over the place.

Good days as long as they lasted, but quality is a really hard sell down under.

Starbucks burned the theme: No more coffee for me.

 

 

In reply to by FrankDrakman

Endgame Napoleon Shillinlikeavillan Mon, 07/09/2018 - 08:05 Permalink

A long time ago, I went to Montana, but do not know much about the area at this time. From this rental posting, it looks like a one-bedroom appartement costs $850 per month, and if I check the job listings, I bet there are a lot of $10 and $12-per-hour churn-job offerings, just like in my state. Of course, you could just live in a studio apartment, but even then, the rent would be only a little lower. 

https://missoula.craigslist.org/apa/d/one-bedroom-furnished/6638170578…

 

In reply to by Shillinlikeavillan

rjdsaldanha Mon, 07/09/2018 - 03:05 Permalink

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Golden Showers Mon, 07/09/2018 - 04:13 Permalink

There is no money.

I don't understand what the definition of "a skilled service worker in Hong Kong" means.

What happens when you hear say of "the most expensive does not mean the least affordable"?

We can all agree that paying rent to live in San Francisco is steep. But you can still be homeless there. My old housemate from the day chose to live under a bridge there and he got a job. 12 years ago. Knew a guy who lived under the Burnside bridge in PDX 12 years ago. He had a broken leg. It was winter. He probably bitched out and is at a soup kitchen with a needle in his scrotum.

Afford. A ford is a river bank. To af ford is what? To be on dry land? I cannot afford a Tesla. I cannot afford private school. I cannot afford child support... I cannot afford a 60 M >2 apartment in Hong Kong. Woe is me.

The most amazing physiological specimin on earth, the most adapted, the anthropological alpha species on this planet cannot afford a tiny apartment in Hong Kong.

Nature does not care about the individual. The idea that you can teach virtue to monkeys and make them work and excell to afford ever more expensive cages in large metro areas is hitting it's limits. The idea of stasis, equilibrium, is not economically viable when you raise the rent. Anyone who can afford it is a douchebag. But we all talk about niggers getting free shit.

The number of ignorant life support shit skins getting anything like medical care, SNAP, cell phones, drugs, education ought not alarm you as much as the free shit people actually can afford to pay for in rent in San Fran or Hong Kong. Just raising the price of housing does not mean you raise the bar of human nature. It invites the opposite. The variable is fiat.

It's a crisis: human beings don't know virtue from a salary. Neither can be taught.

And human beings who think they can climb aboard and get some are mistaken. One thing about human nature is true: people don't give up the bullshit they have to anyone. Human beings will give up the bullshit they do not have to anyone all the time. These people will give up everything they do not have and expect to save their own skins. It's called virtue. See, If I give Palestine, something I don't own to fake jews it's virtue. If I excoriate and plunder the citizens of the geographical USA to give it to niggers it's virtue. But I don't own either one.

When you land that job and the money flows and you can get a latte on your way to work at the campus in San Fran and you feel so good about your life, you sell out your virtue for money.

Virtue and money. People with money think they have virtue. But there is no money. There is no virtue. Just broken humans shuffling around pretending they are special and deserve a fucking thing.

Endgame Napoleon joak Mon, 07/09/2018 - 08:31 Permalink

To make housing in safer, nicer areas more affordable, young, non-womb-productive people are subletting rooms in apartments with shared bathrooms for the same price as the one-bedroom apartments.

  1. Go back to college after you have graduated and are working full time. Live with strangers again in a room!
  2. Or, have sex, reproduce out of wedlock, work part time to stay under the income limits for government programs, getting an “independent” household subsidized by Uncle Sam, choosing from the Section 8 total-freebie complexes in developing neighborhoods or the mixed-income complexes in up-and-coming middle-class neighborhoods that are safer & nicer than most college grads can afford. You’ll get a per-kid-produced rent reduction, while the builder gets a per-unit tax credit. Both types of apartments come with free EBT groceries, free monthly cash in the case of qualified applicants, free electricity and an up to $6,431 in refundable child tax credits as a sign-on leasing bonus. Don’t wait—these units go fast!!

In reply to by joak

roddy6667 Mon, 07/09/2018 - 06:23 Permalink

In Hong Kong there is huge range between a high rise on Victoria Peak and a small industrial town in the New Territories. You can find a very affordable place to rent in a decent town setting on a subway line on the Kowloon Peninsula for a fraction of the Victoria peak or Wan Chai luxury rental. 

These articles are full of useless numbers. Don't forget that if your head is on fire and your feet are frozen into a bucket of ice, on average, you are comfortable.

I see rents quoted in our city of Qingdao. They always use examples from the most part of the CBD next to City Hall, which cost thousands a month. You can live a 20 minute bus or Metro ride from that area for no more than $400 a month for a decent 2-BR. 

roddy6667 Casey Stengel Tue, 07/10/2018 - 05:12 Permalink

Thailand has a retirement visa program.

    • Security deposit of THB 800,000 ($24,105 US) in a Thai bank account for 2 months prior to the visa application; or
    • Monthly income or pension of at least THB 65,000 ($1959 US). An affidavit from the foreigner embassy or consulate has to be obtained as proof of the income; or
    • Combination of the Thai bank account and yearly income - with the total of 800,000 THB

In reply to by Casey Stengel