Luxembourg has retained first place for the second year in a row in the global quality of life ranking compiled by the Deutsche Bank Research Institute.
Copenhagen took second place, and Amsterdam came in third. Vienna and Munich tied for fourth place, followed by Frankfurt, Helsinki, Geneva, Zurich, and Edinburgh.
The ranking takes into account purchasing power, safety, healthcare, cost of living, housing affordability, commute time, environmental pollution, and climate.
Cities in Western and Northern Europe dominate the top ten. At the same time, the world’s largest financial centers ranked significantly lower: Paris came in 43rd, New York 46th, London 47th, and Hong Kong 55th.
Their rankings are dragged down by expensive real estate, high living costs, long commutes, and environmental issues. Thus, high salaries alone do not guarantee a city’s leadership in quality of life.
Uzhhorod is now the most expensive city in Ukraine in terms of rental housing costs, followed by Lviv and Kyiv, according to the LUN real estate portal.
“In the first two years of the war, Lviv was considered the most expensive city for renting apartments, but now the situation has changed. In July, Uzhhorod became the most expensive city – a one-bedroom apartment here costs an average of UAH 17.7 thousand per month. This is more expensive than in the capital or in Lviv,” the press release says.
According to LUN, the average cost of renting a 1-room apartment in Lviv as of July is 16.5 thousand UAH/month, in Kyiv – 15 thousand UAH/month.
Next in the ranking are Chernivtsi – 12.3 thousand UAH/month on average for renting a one-bedroom apartment, Ivano-Frankivsk, Kropyvnytskyi, Poltava, Rivne – 12 thousand UAH/month, Cherkasy – 10 thousand UAH/month, Khmelnytskyi – 9.5 thousand UAH/month, Ternopil – 9.4 thousand UAH/month.
“LUN” notes that Odesa, which was previously expensive for renting housing, now ranks 14th with 7 thousand UAH/month. The lowest prices are generally recorded in cities that are close to the frontline and suffer from military operations: Chernihiv (5.8 thousand UAH/month), Zaporizhzhia, Sumy (5.5 thousand UAH/month), Mykolaiv (5 thousand UAH/month), Kharkiv and Kherson (4 thousand UAH/month).