I'll World's Top Cities For Purchasing Power for $5

in: Business


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According to the newest Prices & Earnings report by Swiss Bank UBS , salaries go furthest in the largest city on the U.S. West Coast. Los Angeles boasts the world’s best buying power for the average worker’s salary, with L.A. residents now able to afford almost a quarter more (23.9 percent) than New Yorkers. The report compares 128 prices for goods and services and considers earnings in 15 jobs across all sectors in 77 cities worldwide.