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The World's Richest Cities by Personal Net Earnings in 2008
The following table lists cities by a score of the average net personal earnings in 2008, ranked highest to lowest, with the base score being 100 for New York City.
The table list 70 major cities, as reported by UBS. A high score means high wage earners and a low score lower wage earners. For furter explanation, please see the note below the table.
Cities Ranked by Personal Net Earnings in 2008
These calculations are based on wage figures, social security contributions and working hours in 2006 for fourteen widespread professions. Uniform criteria were used with regard to work experience, age, marital status etc. The wage index was weighted by the share of each occupation in overall employment and overall income and also by gender. The figures relate to pay net of taxes and social security contributions. In calculating the 2008 update of the wage index, UBS not only took account of exchange rates and inflation, but also factored in that part of the economic growth was due to productivity improvements and was therefore passed on to employees in the form of higher pay.
NOTE: The table on this page is re-published from data provided by UBS. No claims are made regarding the accuracy of personal net earnings by city information contained here. All suggestions for corrections of any errors about the richest cities should be addressed to UBS.
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This page was last modified 4-OCT-08
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