9/20/2015

iPhone Index





If you think iPhones are pricey, spare a thought for those who have to work months to afford one.
The average New Yorker has to work just three days to be able to buy a new iPhone 6; Beijing residents have to spend 27 days at the office.
That's according to a new index of pay and prices in 71 global cities, compiled by Swiss bank UBS and published last week.  
The ranking, which is published every three years, shows the wealthy residents of Zurich have to work the least, putting in just under 21 hours on the job before earning the cash for the must-have gadget.
Londoners have to slog a little more -- 41 hours -- while workers in Mexico City have to put in well over 200 hours, putting the luxury item out of reach for many.
The researchers found that Kiev has the worst iPhone affordability -- Ukrainians have to work an average of 627 hours -- or 78 days.
In Nairobi and Jakarta they have to clock up 468 hours, or nearly 59 days.
Below is a list of the working hours required to buy an iPhone 6 (16GB) in each of these global cities, according to UBS:
  • Athens - 98.2 hours
  • Bangkok - 149.6 hours
  • Beijing - 217.8 hours
  • Chicago - 28.4 hours
  • Geneva - 21.6 hours
  • Hong Kong - 51.9 hours
  • Jakarta - 468 hours
  • Kiev - 627.2 hours
  • London - 41.2 hours
  • Los Angeles - 27.2 hours
  • Mexico City - 217.6 hours
  • Miami - 27 hours
  • Moscow - 158.3 hours
  • Nairobi - 468 hours
  • New Delhi - 360.3 hours
  • New York City - 24 hours
  • Paris - 42.2 hours
  • Rio de Janeiro - 139.9 hours
  • Rome - 53.7 hours
  • Shanghai - 163.8 hours
  • Sydney - 34 hours
  • Tel Aviv - 75.3 hours
  • Tokyo - 40.5 hours
  • Toronto - 37.2 hours
  • Zurich - 20.6 hours
 
edited from CNN