NEWS

Greek capital is world’s 38th most expensive city, study says

Athens is the 38th most expensive city in the world, just below Hong Kong and above Lisbon, according to a triennial report published Tuesday by UBS Wealth Management Research.

The study shows the effects of currency moves and compares prices and earnings in 73 cities for 122 goods and services worldwide.

Oslo, Zurich and Geneva were the three most expensive cities. In terms of wage levels, residents of Athens come 33rd on the UBS list, below Lisbon, earning just under half of the average New York salary.