According to Glassdoor's report entitled "Which Countries in Europe Offer The Best Standard of Living?,” Britain's capital London has the highest rent in the whole of Europe, meaning that people spend a bulk of their wages on just finding somewhere to live.
Glassdoor's cost of living index takes into account is income versus "how much money is needed to buy a standard basket of goods and services in different countries, including groceries, restaurants, transportation, utilities, and rent."
Of course, London trails near the top but there are other cities that rank higher. We took a look at the 11 most expensive cities to live in Europe:
11. Amsterdam — The capital of the Netherlands is one of the most sought after places in Holland to live, thanks to being a cultural, financial and educational hub for the country. However, popularity is pushing local costs higher and therefore making it more expensive to live in.
10. Helsinki — The Finnish city makes the list because despite the whole country on average having pretty high wages, Helsinki has one of the highest costs for living across all categories.
9. Stockholm — Sweden ranks as having one of the highest standards of living in Europe, thanks to the cost of local goods and services (including food, transportation, and rent) being relatively modest when you compare it to take home pay.
8. Dublin — The capital of the Republic of Ireland has some of the highest average wages in Europe. However rising costs for housing, transportation and groceries is making it more expensive to live in this year.
7. Paris — Annual wages are relatively modest and are ranked 6th from the bottom of the average nominal annual wages index provided by Glassdoor when looking at France overall. However, property costs are exceptionally high in the capital, causing Paris to be one of the most expensive places to live in Europe.
6. Copenhagen — Being the cultural, economic and governmental centre of Denmark, the city has some of the highest costs for living in the country.
5. Bergen — The Norwegian coastal city is surrounded by mountains and fjords but the high cost of living is higher than people living in Los Angeles in the US.
4. Oslo — The Norwegian capital has some of the highest wages in the whole of Europe but everything from groceries to utility bills is costly and even transportation will take a wedge of monthly salaries.
3. London — Britain's capital has the highest rents in Europe and considering income is lacklustre, it costs Londoners a huge proportion of their wages each month.
2. Zurich — The city is one of Switzerland's financial hubs but it also boasts one of the highest costs for transportation, accommodation, and utilities.
1. Geneva — The Swiss city is 3% more expensive to live in than New York City even though income is some of the highest in the whole of Europe.