Dive into the features you want to see

Abortion alcohol alcohol free america Art artist spotlight awards beer Belfast best best looking Best New Music booze Brexit British Cannabis cbd Cheese chocolate Christmas climate change closure Coffee collaboration College Green Comedy cooking counter culture counterculture Cover Story Covid Culture DC Films Derelict Ireland Direct Provision Drink drug Drugs Dublin Dublin City Council Dublin International Film Festival easter Entertainment Environment equality Fashion feature feminism Festival Film First Listen Food gaeilge Gaming General News gift gifts Gigs Graphic Design guinness harm reduction Harry Styles healthcare Heaters Heatwave heist Hennessy Homelessness Housing HSE ice cream Identity instagram Interview introduction to ireland Irish Irish coffee Irish News irishmade justice Justice League Kanye West launch Leonardo DiCaprio LGBTQ+ List Lists Literature Living Hell Lockdown Index Made by District Made in Ireland magdalene laundries meme Mental Health menu merch metoo Michelin mural Music narolane new menu New Music News nightclub nom non-binary nphet One of everything Opener Openers opening openings Opinion Pairing pancakes Photography Pints Podcasts Politics pop up pop ups potatoes Premiere presents Pride queer Ray Fisher reservations Restaurants restrictions rugby Science Shebeen Shite Talk shitetalk signature dish Skateboarding small batch Social Media soup Space Subset sustainability tacos Taxis Technology Television The Big Grill theatre Thumbstopper tiktok To Be Irish Top 10 Tracks Top Ten Tracks Traffic Trans rights Transport Travellers trends TV Ukraine Ultimate Food Guide vegan Visual Art vodka Weed where to eat whiskey wine Women's rights Workman's youtube
Counter Culture / May 18, 2022

Dublin in top 10 ‘most expensive’ cities in the world

Counter Culture / May 18, 2022

Dublin in top 10 ‘most expensive’ cities in the world

Words: Eva O’Beirne

The average Dubliner accumulates 782 euro worth of debt each month.

A study by the UK insurance group CIA Landlord compared cities on the basis of disposable income.

Determined by subtracting the cost of living and the average cost of rent from the average salary, Dublin was found to be the seventh-most expensive or least financially viable city of 56 major cities worldwide.

The finding was made on the basis that average monthly salaries in the Irish capital were 3,035 euro while the average rent paid for a three-bed apartment in the city was 2,910 euro.

Monthly cost-of-living expenses were 889 euro leaving a gap (or debt) of around 782 euro per month.

The research found the least financially viable city was Rome, followed by London, Lisbon, Mexico City and Paris.

Among the top 10, Dublin had the second-highest average monthly salary after tax behind London but also had the second-highest average monthly rent, again coming in behind the English capital.

Dublin’s monthly cost of living was fourth-highest among the top 10 cities, behind London, Seoul and Paris.

The news comes as Daft.ie recently announced that the average monthly rent in Ireland is now 1,567 euro, up 11.7 per cent since 2021. This was more than 50 per cent higher than the Celtic Tiger peak of 1,030 euro per month, seen in the first quarter of 2008.

Only 851 homes are available to rent on Daft.ie as of this month – the lowest number since 2006.

Elsewhere on District: 15,000 holiday homes available on AirBnb but only 851 available to rent nationally