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Last Updated : Jul 25, 2018 04:35 PM IST | Source: Moneycontrol.com

Find out how much of your income you will have to shell out as rent in these cities!

As people migrate to major metro cities of the world for better opportunities, accommodation is increasingly becoming a problem. Let us take a look at some major cities and see what percentage of an average household's income is spent only on rent

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Mexico City: Mexico’s capital and North America’s most populous city, Mexico City is one of the most expensive places to rent a house, consuming 60 percent of a household’s income. (Image: GoodFreePhotos)
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Mexico City: Mexico’s capital and North America’s most populous city, Mexico City is one of the most expensive places to rent a house, consuming 60 percent of a household’s income. (Image: GoodFreePhotos)

New York (Manhattan), USA: Residents of the Big Apple have to shell out 59 percent of their household income for rent. (Image: Reuters)
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New York (Manhattan), USA: Residents of the Big Apple have to shell out 59 percent of their household income for rent. (Image: Reuters)

Mumbai, India: The financial capital of India and a hub of opportunities, many have struggled to find an affordable house in Mumbai. It is one of the most expensive cities in the world, eating 41 percent of one’s income.
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Mumbai, India: The financial capital of India and a hub of opportunities, many have struggled to find an affordable house in Mumbai. It is one of the most expensive cities in the world, eating 41 percent of one’s income.

London, United Kingdom: Following Mumbai, United Kingdom’s capital city, London, also features on the list of cities with expensive rental homes. 40 percent of a person’s income in London goes in rent. (Image: Reuters)
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London, United Kingdom: Following Mumbai, United Kingdom’s capital city, London, also features on the list of cities with expensive rental homes. 40 percent of a person’s income in London goes in rent. (Image: Reuters)

Dubai, United Arab Emirates: Rent expenses in United Arab Emirates’ Dubai make for 39 percent of a person’s household income. (Image: Reuters)
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Dubai, United Arab Emirates: Rent expenses in United Arab Emirates’ Dubai make for 39 percent of a person’s household income. (Image: Reuters)

Madrid, Spain: A Madrid citizen must pay 32 percent of his household income for a rental home. (Image: Reuters)
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Madrid, Spain: A Madrid citizen must pay 32 percent of his household income for a rental home. (Image: Reuters)

Sydney, Australia: Another one of the more affordable cities in the world to rent a home is Sydney, with only 29 percent of the income cut out for rent. (Image: WikiMedia Commons)
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Sydney, Australia: Another one of the more affordable cities in the world to rent a home is Sydney, with only 29 percent of the income cut out for rent. (Image: WikiMedia Commons)

Johannesburg, South Africa: South Africa’s major metropolis only demands 23 percent of one’s income to get a house on lease. (Image: Reuters)
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Johannesburg, South Africa: South Africa’s major metropolis only demands 23 percent of one’s income to get a house on lease. (Image: Reuters)

Moscow, Russia: Capital of Russia, Moscow is one of the most economic cities in the world in terms of rent, where only 21 percent of the household income is dedicated to it. (Image: Reuters)
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Moscow, Russia: Capital of Russia, Moscow is one of the most economic cities in the world in terms of rent, where only 21 percent of the household income is dedicated to it. (Image: Reuters)

Kuala Lumpur, Malaysia: The best city to lease a house in the world is Kuala Lumpur, since one only needs to dedicate 20 percent of the household income.
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Kuala Lumpur, Malaysia: The best city to lease a house in the world is Kuala Lumpur, since one only needs to dedicate 20 percent of the household income.

First Published on Jul 25, 2018 04:35 pm
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