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11 Most Expensive Cities To Rent A Property

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11 Most Expensive Cities To Rent A Property

People are always arguing which city is more expensive to live. Finally the cost of renting a property in the most expensive cities has been published through the 2017 Rental Affordability Index. If you are searching for commercial space for rent in Westchester NY you should contact Rakow Group.

The report, focuses on the cost of renting – per square foot – across 70 cities worldwide. The report also investigates the rough salary that is required to foot the bills.

The survey breaks down each city from an individual’s point of view, as well as a family of four.

Below, find the top 11 most expensive cities in the world when it comes to paying rent!

(All figures converted from euro to dollar on 23rd of February.)

11. London, United Kingdom

Rent per square foot: $2.83
Monthly Rent (Individual): $1,187.79
Annual Income Needed (Individual): $49,146.58
Monthly Rent (Family): $2,253.31
Annual Income Needed (Family): $93,259.76

10. Los Angeles, United States of America

Rent per square foot: $2.83
Monthly Rent (Individual): $1,190.15
Annual Income Needed (Individual): $49,247.72
Monthly Rent (Family): $2,258.19
Annual Income Needed (Family): $93,442.69

9. Zurich, Switzerland

Rent per square foot: $2.89
Monthly Rent (Individual): $1,211.33
Annual Income Needed (Individual): $50,123.88
Monthly Rent (Family): $2,298.63
Annual Income Needed (Family): $95,115.56

8. Sydney, Australia

Rent per square foot: $2.90
Monthly Rent (Individual): $1,216.88
Annual Income Needed (Individual): $50,353.69
Monthly Rent (Family): $2,308.96
Annual Income Needed (Family): $95,558.39

7. Geneva, Switzerland

Rent per square foot: $3.06
Monthly Rent (Individual): $1,282.31
Annual Income Needed (Individual): $53,061.11
Monthly Rent (Family): $2,433.10
Annual Income Needed (Family): $100,683.14

6. Washington DC, United States of America

Rent per square foot: $3.29
Monthly Rent (Individual): $1,382.10
Annual Income Needed (Individual): $57,190.18
Monthly Rent (Family): $2,622.44
Annual Income Needed (Family): $108,522.74

5. Singapore, Singapore

Rent per square foot: $3.30
Monthly Rent (Individual): $1,387.54
Annual Income Needed (Individual): $57,415.34
Monthly Rent (Family): $2,632.75
Annual Income Needed (Family): $108,941.35

4. Dubai, United Arab Emirates

Rent per square foot: $3.49
Monthly Rent (Individual): $1,466.92
Annual Income Needed (Individual): $60,688.68
Monthly Rent (Family): $2,782.86
Annual Income Needed (Family): $115,152.92

3. Hong Kong

Rent per square foot: $3.80
Monthly Rent (Individual): $1,594.03
Annual Income Needed (Individual): $65,960.11
Monthly Rent (Family): $3,024.58
Annual Income Needed (Family): $125,190.99

2. New York, United States of America

Rent per square foot: $4.70
Monthly Rent (Individual): $1,974.50
Annual Income Needed (Individual): $81,703.49
Monthly Rent (Family): $3,746.21
Annual Income Needed (Family): $155,015.66

1. San Francisco, United States of America

Rent per square foot: $4.91
Monthly Rent (Individual): $2,051.62
Annual Income Needed (Individual): $85,246.81
Monthly Rent (Family): $3,908.00
Annual Income Needed (Family): $161,710.13

To summarize, the world is becoming a more and more affluent place by the day with values across the world always changing. Should you be searching for commercial space for rent in Westchester NY, you will be bombarded with many options. All claiming to be the best, but in reality a handful feasible. Get in touch with the Rakow Group today and find out why they are the best option for you and your business. Readily on hand with up-to date knowledge of the sector and a personable customer service team, let them prove to you, why they are number one!

Call them today on (914) 422-0100.

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