Berlin, a city where affordability might seem paradoxical amidst the surging rents and living costs, has surprisingly been ranked as the world’s 13th most affordable capital. A recent study compared 42 economically developed capitals and measured 11 key factors to determine the most cost-effective cities. Factors included average salaries, public transport costs, and the prices of essentials like milk and bread.
The findings highlight several advantages for Berlin: public transport fares sit at a modest €3.38 for a single journey, while the average salary of €53,891 per year bolsters the city’s affordability. Low unemployment at 3.4% further enhances its standing. However, challenges remain, with high electricity prices (€0.35/kWh) and rising fuel costs (€1.57/litre) weighing on residents.
In a comparative glance, Seoul tops the affordability rankings, with remarkably low unemployment at 2.5%. Brisbane follows close behind, thanks to inexpensive transport and fuel. Luxembourg boasts high salaries and free public transport, while Dublin and Copenhagen struggle due to exorbitant electricity costs and high rents.
Though Berlin still faces some challenges, particularly regarding electricity and housing prices, it continues to be a delightful city for residents, proving itself as a valuable living option amid rising global costs.
A recent study ranks Berlin as the world’s 13th most affordable capital city, based on factors like salaries, public transport costs, and essential pricing. Key metrics showed strong points such as low unemployment and affordable transport, although high electricity and fuel costs pose challenges. Comparisons with cities like Seoul and Brisbane illustrate Berlin’s relative affordability in a global context.
In summary, Berlin emerges as a surprisingly affordable capital, placing 13th in a global ranking of economic viability. Despite the challenges of high electricity and rising rents, benefits like affordable public transport and high average salaries make it an attractive place to live. Comparatively, other cities like Seoul and Brisbane highlight Berlin’s balanced lifestyle, showcasing its strengths in the face of rising living costs.
Original Source: secretberlin.co
