held onto their positions are Stockholm, Berlin (+1 rank) and Rome, with Geneva and Zurich understandably staying comfortably on top. As the chart below shows, adjusting for rent reshuffles the rankings for the top cities. New York plummets -34 ranks to 39th as its very high rents consume a huge share of average income, lagging -28 places behind Chicago (11th) despite similar gross salaries. The US property market remains the most bifurcated in the world. positions) and Singapore (-22), with Sydney (-15), Los Angeles (-14), London (-14) and Dubai (-13) also close in terms of affordability drops. significantly when income is adjusted for rents. Seoul, Helsinki and Vienna all climb Luxembourg, Copenhagen, Frankfurt, Geneva and Zurich -all European. No US city
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