Swiss Bank UBS’ latest “Prices and Earnings” study of purchasing power around the world has rated Oslo, Zurich and Geneva as the world’s most expensive cities based on a selected basket containing 122 goods and services.
Shanghai ranked 49th in price levels, 59th in wage levels and 61st in domestic purchasing power.
Here’s how other major cities in Greater China performed:
Hong Kong: 37th (price levels), 43rd (wage levels), 40th (domestic purchasing power)
Taipei: 44th (price levels), 40th (wage levels), 33rd (domestic purchasing power)
Beijing: 58th (price levels), 63rd (wage levels), 63rd (domestic purchasing power)
UBS also released a very interesting iPhone app called “Prices and Earnings” which allows users to compare prices and earnings in 73 cities for 122 goods and services worldwide. The app is free of charge and can be downloaded here.