The minimum salary varies across the globe, it goes up and down to match each country’s standard of living. However, in some cases, people may find themselves barely getting by. With the price of housing going up, it becomes difficult to afford a nice home. In spite of that, there are always rental options to suit the entire salary scale. If you’re wondering, here is the minimum salary you need to make to rent a 1-bedroom apartment in 15 cities around the world. Of course, this is the minimum you will need to rent an average apartment, as rental prices go up much higher.
Cairo, Egypt
Salary required: $370
Cairo is praised for its affordable living expenses and housing options. If you opt for a 1-bedroom apartment outside the city center, you will find something as low as $85 per month. Moreover, with cheap food and entertainment options, you will need about $370 a month.
Casablanca, Morocco
Salary required: $1,000
In charming Casablanca, renting a 1-bedroom apartment is considered affordable, at approximately $460. Now, if we factor in the average cost of living, which largely depends on your lifestyle, you will find you need to earn at least $1,000 per month (after tax).
Beijing, China
Salary required: $1,000
Renting a 1-bedroom apartment in Beijing will take up more than 40% of your entire salary. An average apartment will cost around $540. When you add up the remaining minimum monthly expenses, you will find you need about $1,000 to live in the city.
Manama, Bahrain
Salary required: $1,200
In Bahrain’s capital, expect to pay around $600 for a 1-bedroom apartment outside the city center. Of course, there are various luxury apartments that are rented for much higher. Overall, you would need about $1,200 per month to live in Manama.
Beirut, Lebanon
Salary required: $1,300
A 1-bedroom apartment away from Beirut’s bustling center costs about $540 per month. However, with various other expenses, you would need a minimum of $1,300 after tax to live comfortably.
Montreal, Canada
Salary required: $1,500
Montreal is not a cheap city to live in, however, you can rent a 1-bedroom apartment outside the city center for as low as about $500. Once again, after considering basic monthly expenses, you would need a minimum salary of $1,500 after tax.
Munich, Germany
Salary required: $1,700
In Munich, you would need a minimum salary of $1,700 to be able to get by. An average apartment in an inexpensive area will cost you about $860. Luckily enough, however, the average salary in Munich after tax reaches almost $3,000.
Tokyo, Japan
Salary required: $1,700
Tokyo rentals vary widely, but on average, a 1-bedroom apartment goes for about $700 a month. With monthly living expenses that are not the cheapest you will find, you will need almost $1,700 a month in the city.
Melbourne, Australia
Salary required: $1,800
An average 1-bedroom apartment in Melbourne will set you back around $950. You will need almost the same amount to cover your monthly expenses. Bringing the minimum net salary needed to $1,800.
Paris, France
Salary required: $1,800
Although Paris is known to be an expensive city, renting a 1-bedroom apartment away from the city center costs about $870. As for the remainder of your expenses, you would need approximately $930 per month. This brings you to an overall minimum salary of $1,800 per month.
Dubai, United Arab Emirates
Salary required: $2,200
Dubai has one of the highest living expenses in the region, due to its extravagant lifestyle. A 1-bedroom apartment outside the center costs about $1,360. Once you factor in other expenses, you will reach a minimum of $2,200 required every month.
Los Angeles, United States
Salary required: $2,400
Los Angeles is an enchanting city that of course, comes at a price. Renting a 1-bedroom apartment outside the center costs about $1,400. Average monthly expenses are a little under $1,000, bringing the overall minimum salary required after tax to about $2,400.
London, United Kingdom
Salary required: $2,500
Moving to London? While you can get by with a net salary of $2,500, you will find that most of your money will go out on rent. Expect to pay around $1,500 for a 1-bedroom apartment outside of the city center.
Geneva, Switzerland
Salary required: $2,800
Switzerland is not a cheap country to live in since a 1-bedroom apartment outside Geneva’s center averages $1,420 a month. As for various monthly expenses, they would bring the least monthly minimum net salary to $2,800.
New York City, United States
Salary required: $3,000
Don’t be surprised that New York City is at the top of this list, as it is quite an expensive city to live in. An average 1-bedroom apartment costs about $1,900 per month, taking up almost 50٪ of an average person’s income. Factoring in a minimum of monthly expenses, you would need at least $3,000 a month to live in the Big Apple.
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