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How Much Space Does $1,500 Rent In The World’s ‘Most Magnetic’ Cities?


New Yorkers who wince every time they slip a $1,500 rent check under their super’s door should consider moving to Shanghai, or maybe Berlin.

According to a new study published on RentCafe, $1,500 will buy you three times more space in Shanghai than in Los Angeles and twice as much in Frankfurt. Meanwhile, rents per square foot are five times higher in San Francisco than they are in Berlin.

Rentcafe used data from the Global Power Index and data on price-to-square footage ratios that it had collected for a previous study to compare how much space $1,500 will buy in the world’s 30 “most magnetic” cities – i.e. cities that are popular tourism hubs.

The study’s authors presented their results in an interactive graphic that allows users to compare costs between cities. Some of the most expensive markets include San Francisco, Manhattan and Zurich. Among the least expensive are Istanbul, Shanghai and Berlin.

Manhattan, for example, offers only 277 square foot (26 m2) for $1,500.  In Seoul, the same amount of money will rent you no less than a 1,389 square foot (129 m2) apartment, ample space for one person.


How Much Space Does $1,500 Rent In The World's 'Most Magnetic' Cities?

How Much Space Does ,500 Rent In The World's 'Most Magnetic' Cities?

- Click to enlarge

In San Francisco, $1,500 a month will rent you a 316 square foot apartment. Meanwhile, in Austria, $1,500 will rent you 1,009 square feet – almost three times as much. Rentcafe adds that, while SF has some of the most widely regarded cultural amenities in the world, Vienna – the City of Music – has plenty of entertainment options, from museums, vintage cinemas, live shows to recreational parks and hiking trails.

That is to say that one doesn’t necessarily need to pay sky-high rents to live in a fun urban environment.

How much space does $1,500 rent you in the 30 most magnetic cities

How much space does ,500 rent you in the 30 most magnetic cities

- Click to enlarge




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Tyler Durden
ZeroHedges' Tyler Durden is the hero of Fight Club, the 1999 movie based on Chuck Palahniuk's novel that reflected Chuck's experience in the Cacophony Society Quote: "Goddamn it, an entire generation pumping gas, waiting tables, slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off." --> see more about Tyler on snbchf
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