Abu Dhabi, Dubai, and Sharjah have secured places on the roster of the 10 most economically viable cities worldwide for establishing residence. In accordance with a study conducted by “Workyard,” a global provider of employment solutions, these urban centers stand as prime examples of harmonizing substantial earnings with a moderate cost of living.
Abu Dhabi, claiming the second rank, follows closely after Kuwait City. The denizens of Abu Dhabi experience an average monthly income of around $7,154, while their living expenditures tally approximately $873.10. This equilibrium translates to retaining a substantial portion of their earnings as savings, even after accounting for necessities such as rent, utilities, and sustenance.
Dubai, an acclaimed emirate known for its vibrancy, secures the fourth position. The mean monthly income in Dubai stands at approximately $7,118, and living costs hover at around $1,007 per month. Remarkably, Dubai adeptly maintains a equilibrium between income and outlay, making it a model of financial equilibrium.
Sharjah, another jewel within the UAE, grasps the fifth place. With an average monthly income of $5,229 and living expenses of roughly $741.30, Sharjah proffers its residents both monetary stability and a comparatively lower cost of living.
The panel of experts curating this index meticulously scrutinized data from 20 cities, assessing where individuals could secure a reasonable income while not having to excessively expend on fundamental needs like housing, utilities, and sustenance. This fiscal equilibrium empowers residents to accumulate a substantial portion of their earnings.
At the zenith of the hierarchy is Kuwait City, boasting an average monthly income of $6,199 for its inhabitants, with living expenses totaling $752.70. This unique synergy positions Kuwait City as the world’s most budget-friendly urban enclave.
Conversely, New York City, despite its lucrative income prospects, assumes the mantle of the globe’s most expensive city to reside in, largely attributed to its exorbitant cost of living.
In chronological order, the list reads as follows:
- Kuwait City
- Abu Dhabi
- San Francisco
Therefore, if you seek an urban milieu wherein substantial earnings can coexist with prudent savings, these UAE cities ought to be on your radar. The confluence of favorable incomes and reasonable living expenses establishes Abu Dhabi, Dubai, and Sharjah as astute selections for those striving to maximize their financial resources without compromising their quality of life.