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This article was first published 12 years ago

20 cities that offer the highest wages

Last updated on: September 20, 2012 10:12 IST

Image: Cars drive past the flagship store of Freitag, built from used cargo containers, in Zurich.
Photographs: Arnd Wiegmann/Reuters.

Swiss cities top the list of the highest paying cities. This highlights the fact that people in Western European cities on average earn four times more than their peers in Eastern Europe, states a UBS study on price and earnings.

Their dominance is compounded by the fact that, in Switzerland, deductions from salary are relatively low, which further widens the gap between Net wage level earned there and in other countries, especially in the rest of Western Europe.

The largest wage differences are in Asia, where the highest value (Tokyo) is twelve times higher than the lowest (Delhi).

Gross wage level are closest together in the more homogenous region of North America, with wage levels in New York just 1.3 times higher than Montreal, says the UBS study.

Net wage level is a good indicator of the budget that employees have available to spend.

Find out the cities that offer the highest wages...

Zurich
Gross wage level level: 131.1
Net wage level: 132.4

Effective hourly wages for 15 professions, weighted according to distribution; net after deductions of taxes and social security contributions. (Listed according to gross value of the index,  New York wage level =100)

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20 cities that offer the highest wages

Image: Geneva.
Photographs: Reuters.

Geneva

Gross wage level: 123.6
Net wage level: 119.2

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20 cities that offer the highest wages

Image: The pack of riders start the men's road race elite event at the UCI World cycling championships in front of the City Hall in Copenhagen.
Photographs: Denis Balibouse/Reuters.

3. Copenhagen

Gross wage level: 123.1
Net wage level: 93.4

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20 cities that offer the highest wages

Image: Oslo.
Photographs: VisitOSLO/Heidi Thon.

4. Oslo

Gross wage level: 119.1
Net wage level: 97.4

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20 cities that offer the highest wages

Image: Luxembourg.
Photographs: Jerome Herr/Wikimedia Commons.

5. Luxembourg

Gross wage level: 105.4  
Net wage level: 109.7

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20 cities that offer the highest wages

Image: People take part in a sunset yoga session as the Tribute in Light shines over the Brooklyn Bridge.
Photographs: Brendan McDermid/Reuters.

6. New York

Gross wage level: 100
Net wage level: 100

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20 cities that offer the highest wages

Image: Tourists take pictures in this long exposure photograph as the Sydney Opera House is lit with green lights during St Patrick's Day celebrations in central Sydney.
Photographs: Daniel Munoz/Reuters.

7. Sydney

Gross wage level: 94.1
Net wage level: 98.0

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20 cities that offer the highest wages

Image: A tourist takes photos of a beluga whale with her mobile phone at the Hakkeijima Sea Paradise in Yokohama, south of Tokyo.
Photographs: Kimimasa Mayama/Reuters.

8. Tokyo

Gross wage level: 92.4
Net wage level: 90.4

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20 cities that offer the highest wages

Image: Two unidentified tourists enjoy the sun in the skiing resort of Garmisch Partenkirchen on top of Germany's highest mountain Zugspitze, about 60 kilometres south of Munich.
Photographs: Alexandra Winkler/Reuters.

9. Munich

Gross wage level: 91.5
Net wage level: 76.0

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20 cities that offer the highest wages

Image: People cross a road in front of the headquarters of private bank Metzler & Co in Frankfurt.
Photographs: Reuters.

10. Frankfurt 

Gross wage level: 88.2
Net wage level: 78.1

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20 cities that offer the highest wages

Image: Jasmine Dugas blow dries a dog after it was bathed at a PetSmart PetsHotel and Doggie Day Camp in Los Angeles.
Photographs: David McNew/Reuters.

11. Los Angeles

Gross wage level: 86.3  
Net wage level: 80.9

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20 cities that offer the highest wages

Image: The building housing the PFGBest headquarters is seen in Chicago.
Photographs: John Gress/Reuters.

12. Chicago

Gross wage level: 83.3
Net wage level: 80.6 

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20 cities that offer the highest wages

Image: A fisherman lifts his net from a canal next to Sweden's Riksdagshuset, or Parliament Building in Stockholm .
Photographs: Bob Strong/Reuters.

13. Stockholm

Gross wage level: 82.9
Net wage level: 78.1

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20 cities that offer the highest wages

Image: People walk past the Icon Brickell condo, billionaire Jorge Perez's latest project, in downtown Miami, Florida.
Photographs: Carlos Barria/Reuters.

14. Miami

Gross wage level: 81.8
Net wage level: 79.9 

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20 cities that offer the highest wages

Image: -A tightrope walker practises between two spheres of the Atomium monument in Brussels.
Photographs: Sebastien Pirlet/Reuters.

15. Brussels

Gross wage level: 81.5
Net wage level: 59.5 

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20 cities that offer the highest wages

Image: General view of Helsinki.
Photographs: Reuters.

16. Helsinki

Gross wage level: 80.2
Net wage level: 74.2

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20 cities that offer the highest wages

Image: A police officer and a paramedic rope down the 252 metres (827 feet) high Donauturm tower, Austria's tallest building, during a joint exercise in Vienna.
Photographs: Heinz-Peter Bader/Reuters.

17. Vienna

Gross wage level: 80.2
Net wage level: 70.8

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20 cities that offer the highest wages

Image: A Royal Jordanian airways jet arrives over the top of houses to land at Heathrow Airport in west London.
Photographs: Stefan Wermuth/Reuters.

18. London

Gross wage level: 79.5
Net wage level: 75.2

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20 cities that offer the highest wages

Image: Heat haze flickers on the tarmac as a man performs a trick on his skateboard at Tempelhof park in Berlin.

19. Berlin

Gross wage level: 79.2
Net wage level: 70.1

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20 cities that offer the highest wages

Image: Construction work continues on a hotel made to look like seventy Zaanse houses stacked together in the centre of Zaandam, north of Amsterdam.
Photographs: Toussaint Kluiters/United Photos/Reuters.

20. Amsterdam

Gross wage level: 78.3
Net wage level: 69.4


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