Budapest: Prices from Vienna, wages from Belgrade. The best of both worlds.
Makes sense. Rent prices are 600€ and upwards here for a small flat. Buying is even worse. People are selling 50 year old apartments for 3000€/m2 and higher. Newly built stuff is upwards of 5000€/m2
All while wages are some of the smallest in the EU. I’m not sure why anyone in their right mind would remain here.
I just googled it, but I never ever heard of Reading before.
Gyurcsány miatt van
Moving to Cologne in June, anyone want to tell me how screwed I am?
Put that on r/SwitzerlandFirst too 🙂
how did Karlsruhe even make it on this list lol so random
Berlin is slightly affordable relative to renter’s wage? Are you sure about that?
Did the take The Hague because they thought it was the capital?
Karlsruhe and Reading as expected.
If Brussels is considered affordable …
Not to be dramatic, but I’m actually worried about how I’m going to afford an apartment in a few months, despite having a master’s degree. Finding a job isn’t easy atm either. It’s not a good economy to graduate in.
Barcelona and Milan were not polled, but they would definitely be among the unaffordable ones. Milan has the same rent as Berlin, and salaries are 50%.
Luxembourg and Bern, despite being obviously expensive, also have pretty high salaries, and that’s what makes them affordable. I’d be curious to see Zürich, though. It’s more expensive than Bern, but also has higher salaries.
I don’t understand how to read this graph.
Is the ratio average wage of people living in X city divided by average wage of people who are renting in X city?
I am surprised this could be over 1
Lyon as very affordable ?
As an expensive city where the minimum wage is the same in all the country (thus, also in very cheap cities) we (french) don’t considere Lyon as affordable at all.
I don’t know much all the others cities, but those which are less affordable must be nightmares to live in.
Luxembourg being affordable? that’s surprising to be honest i expected that would be more unaffordable
Why would you cut off the last data point (Bonn)? You could have just linked to the picture directly rather than taking a screenshot.
Any stats on Kyiv and/or Lviv prior to the full-scale war?
Thanks.
Helsinki mainittu, torilla tavataan!!
Another glorious victory for Hungary and the great policies of our great and (not to mention) kind leader! /s
Awesome, way to go Prague. Almost top of the list. Greedy-ass landlords only in it for themselves.
Wheres Vilnius
I’m sitting here in Bern and wondering how the fuck is anything is on the “affordable” rankings in Switzerland.
Luxembourg? bruh!!
So, someone did this research but forgot one of the most controversial cities: Amsterdam.
Ankara European? Yes right I’m Batman.
The situation in Paris is already pretty bad, I don’t even know how people manage in cities like Budapest, Prague and Lisbon
What does count as affordable? In relation to the average income? Because if you just take the plain average it will greatly influence the statistics to look less severe, after all people with top income won’t have to care about high rents, normal people do however.
Amsterdam is off the charts?
From the same article: affordable rent wage for Dublin is $89k. This is level of salary where you end up in marginal tax rate of 52%! So you at the same time: can’t have affordable rent and paying huge taxes. The only way of having affordable rent in Dublin is social housing for unemployed. If you have even low-med income, than state will f***k you hard, playing your money against you (councils are betting against you on rental market, using money from your taxes).
“Average wage relative to renters’ wage” what does that mean and why does that translate to rent affordability?
Rent affordaibility should be average rent compared to average wage, surely?
Why log scale?
Where are the footnotes?
And what’s with the totally random collection of cities?
Where Zurich?
Where’s Vilnius?
Not surprised about Lisbon: western European prices with eastern European wages.
Missing Zurich there
Why is Reading included? One of the most insignificant “cities” in England. I say that because officially it hasn’t even been classified as a city.
No Amsterdam or Paris?
Luxembourg Affordable ? 😂😂😂
I guess Amsterdam is so far to the left it couldn’t fit in the diagram
These statistics were made by random generator.
Rent in Barcelona has risen to the same level as rent in Helsinki, despite Finns making twice as much as Spaniards on average.
If he had to look for a new apartment in Zagreb, he would rather move to another country
Is that really true for the Hague? Looking to move there for postgraduate studies but all i see about housing is how unavailable and overpriced it is at the moment.
I think that just compares the average rent of that city to the average income of the entire country instead of that same city because some cities just can’t be accurate.
Reading is not a city. Believe me,I come from there( unfortunately).
Rent in Oslo is far from affordable. People live collective housing into their 30s, family homes (2 or more bedrooms) or apartments bigger than 60 m^2 are easily 70% of your paycheck before tax. My generation have no chance of owning our own apartment or house without family money.
Oslo is *not* affordable. That just tells you how f-ed up the system is.
Limited resources cannot be treated as a “free market”
46 comments
https://www.economist.com/graphic-detail/2024/02/20/where-are-europes-most-expensive-cities-for-renters
Budapest: Prices from Vienna, wages from Belgrade. The best of both worlds.
Makes sense. Rent prices are 600€ and upwards here for a small flat. Buying is even worse. People are selling 50 year old apartments for 3000€/m2 and higher. Newly built stuff is upwards of 5000€/m2
All while wages are some of the smallest in the EU. I’m not sure why anyone in their right mind would remain here.
I just googled it, but I never ever heard of Reading before.
Gyurcsány miatt van
Moving to Cologne in June, anyone want to tell me how screwed I am?
Put that on r/SwitzerlandFirst too 🙂
how did Karlsruhe even make it on this list lol so random
Berlin is slightly affordable relative to renter’s wage? Are you sure about that?
Did the take The Hague because they thought it was the capital?
Karlsruhe and Reading as expected.
If Brussels is considered affordable …
Not to be dramatic, but I’m actually worried about how I’m going to afford an apartment in a few months, despite having a master’s degree. Finding a job isn’t easy atm either. It’s not a good economy to graduate in.
Barcelona and Milan were not polled, but they would definitely be among the unaffordable ones. Milan has the same rent as Berlin, and salaries are 50%.
Luxembourg and Bern, despite being obviously expensive, also have pretty high salaries, and that’s what makes them affordable. I’d be curious to see Zürich, though. It’s more expensive than Bern, but also has higher salaries.
I don’t understand how to read this graph.
Is the ratio average wage of people living in X city divided by average wage of people who are renting in X city?
I am surprised this could be over 1
Lyon as very affordable ?
As an expensive city where the minimum wage is the same in all the country (thus, also in very cheap cities) we (french) don’t considere Lyon as affordable at all.
I don’t know much all the others cities, but those which are less affordable must be nightmares to live in.
Luxembourg being affordable? that’s surprising to be honest i expected that would be more unaffordable
Why would you cut off the last data point (Bonn)? You could have just linked to the picture directly rather than taking a screenshot.
Any stats on Kyiv and/or Lviv prior to the full-scale war?
Thanks.
Helsinki mainittu, torilla tavataan!!
Another glorious victory for Hungary and the great policies of our great and (not to mention) kind leader! /s
Awesome, way to go Prague. Almost top of the list. Greedy-ass landlords only in it for themselves.
Wheres Vilnius
I’m sitting here in Bern and wondering how the fuck is anything is on the “affordable” rankings in Switzerland.
Luxembourg? bruh!!
So, someone did this research but forgot one of the most controversial cities: Amsterdam.
Ankara European? Yes right I’m Batman.
The situation in Paris is already pretty bad, I don’t even know how people manage in cities like Budapest, Prague and Lisbon
What does count as affordable? In relation to the average income? Because if you just take the plain average it will greatly influence the statistics to look less severe, after all people with top income won’t have to care about high rents, normal people do however.
Amsterdam is off the charts?
From the same article: affordable rent wage for Dublin is $89k. This is level of salary where you end up in marginal tax rate of 52%! So you at the same time: can’t have affordable rent and paying huge taxes. The only way of having affordable rent in Dublin is social housing for unemployed. If you have even low-med income, than state will f***k you hard, playing your money against you (councils are betting against you on rental market, using money from your taxes).
“Average wage relative to renters’ wage” what does that mean and why does that translate to rent affordability?
Rent affordaibility should be average rent compared to average wage, surely?
Why log scale?
Where are the footnotes?
And what’s with the totally random collection of cities?
Where Zurich?
Where’s Vilnius?
Not surprised about Lisbon: western European prices with eastern European wages.
Missing Zurich there
Why is Reading included? One of the most insignificant “cities” in England. I say that because officially it hasn’t even been classified as a city.
No Amsterdam or Paris?
Luxembourg Affordable ? 😂😂😂
I guess Amsterdam is so far to the left it couldn’t fit in the diagram
These statistics were made by random generator.
Rent in Barcelona has risen to the same level as rent in Helsinki, despite Finns making twice as much as Spaniards on average.
If he had to look for a new apartment in Zagreb, he would rather move to another country
Is that really true for the Hague? Looking to move there for postgraduate studies but all i see about housing is how unavailable and overpriced it is at the moment.
I think that just compares the average rent of that city to the average income of the entire country instead of that same city because some cities just can’t be accurate.
Reading is not a city. Believe me,I come from there( unfortunately).
Rent in Oslo is far from affordable. People live collective housing into their 30s, family homes (2 or more bedrooms) or apartments bigger than 60 m^2 are easily 70% of your paycheck before tax. My generation have no chance of owning our own apartment or house without family money.
Oslo is *not* affordable. That just tells you how f-ed up the system is.
Limited resources cannot be treated as a “free market”