The World’s Top 10 Most (Un)Affordable Places to Live
People are paying more for their homes around the world, with average house prices up 6.5% in the last 12 months.
But, where have house prices grown faster than the average income?
Assured Removalists have combined data on average annual salary, income tax and house prices to produce a ratio that shows the measure of housing affordability around the world. The higher the ratio is, the less affordable the houses are.
How does your country compare? You can view the full data set here.
House price vs average income ratio
Most AffordableLeast Affordable
Least affordable places to buy a house
Least affordable places to buy a house
Papua New GuineaHouse price to income ratio: 181.6
Least affordable places to buy a house
BarbadosHouse price to income ratio: 133.77
Least affordable places to buy a house
Solomon IslandsHouse price to income ratio: 106
Least affordable places to buy a house
MaldivesHouse price to income ratio: 50.77
Least affordable places to buy a house
BhutanHouse price to income ratio: 50.57
Least affordable places to buy a house
VietnamHouse price to income ratio: 40.91
Least affordable places to buy a house
ChinaHouse price to income ratio: 40.8
Least affordable places to buy a house
El SalvadorHouse price to income ratio: 36.34
Least affordable places to buy a house
VenezuelaHouse price to income ratio: 32.33
Least affordable places to buy a house
TajikistanHouse price to income ratio: 32.05
Most affordable places to buy a house
SurinameHouse price to income ratio: 1.87
Most affordable places to buy a house
Saudi ArabiaHouse price to income ratio: 3.02
Most affordable places to buy a house
OmanHouse price to income ratio: 3.41
Most affordable places to buy a house
BahamasHouse price to income ratio: 3.42
Most affordable places to buy a house
United States of AmericaHouse price to income ratio: 4.18
Most affordable places to buy a house
HondurasHouse price to income ratio: 4.68
Most affordable places to buy a house
Brunei DarussalamHouse price to income ratio: 4.79
Most affordable places to buy a house
JamaicaHouse price to income ratio: 5.03
Most affordable places to buy a house
KuwaitHouse price to income ratio: 5.63
Most affordable places to buy a house
QatarHouse price to income ratio: 7.52
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10 most affordable places to live
House price vs average income ratio
- 1.87Suriname
- 3.02Saudi Arabia
- 3.41Oman
- 3.42Bahamas
- 4.18USA
- 4.68Honduras
- 4.79Brunei Darussalam
- 5.03Jamaica
- 5.63Kuwait
- 7.52Qatar
10 least affordable places to live
House price vs average income ratio
- 181.6Papua New Guinea
- 133.77Barbados
- 106Solomon Islands
- 50.77Maldives
- 50.57Bhutan
- 40.91Vietnam
- 40.8China
- 36.34El Salvador
- 32.33Venezuela
- 32.05Tajikistan
The United Kingdom and Australia placed 44th and 58th respectively in the world’s most affordable places to live.
- United Kingdom13.13
- Australia15.49
Sources:
https://www.numbeo.com/cost-of-living/
https://tradingeconomics.com/
http://www.indexmundi.com/
http://www.globalpropertyguide.com/
(Source: Assured Removalists)
