San Francisco now has the highest salaries in the world

San Francisco may have sky-high prices when it comes to everything from real estate to avocado toast, but at least the Northern California city seems to also have high salaries.

In fact, San Francisco has the highest salaries in the world, with residents bringing in an average of $6,526 a month, according to Deutsche Bank’s “Mapping the World’s Prices 2019.” The city also has the highest disposable income (after rent) at $4,710 a month.

As the tech sector grows in the Bay Area, the City by the Bay has climbed “a stunning 7 and 21 places on these two measures over the last 5 years,” the report says.

This year S.F. unseated Zurich from its long-standing dominance in both of these categories. Zurich’s average monthly salary is $5,896 and disposable income is $4,626.

ALSO: How making $300,000 in San Francisco can still mean you’re living paycheck-to-paycheck

Keep in mind these salary figures are averages — and San Francisco is also known for its widening income gap. Numbers are definitely skewed by company executives making millions more than their employees. Many salaries don’t cover the cost of housing in the city or daily trips to the coffee shop.

The report used data from Numbeo, a user-generated cost-of-living statistics website.

This post was originally posted at https://www.sfgate.com/bayarea/article/San-Francisco-highest-salaries-in-the-world-zurich-13863696.php.

Leave a Reply

Your email address will not be published. Required fields are marked *