DUBLIN PLACES AMONG Europe’s most expensive cities, new research has found.
While workers in Ireland’s capital might take home bigger pay packets than most, they find that this is quickly eaten away by housing, transportation and the cost of living.
This comes as part of a new report from economic research group Glassdoor which looks at the standard of living across the continent – and has found Dublin to be the eighth most expensive place to live.
This is according to Glassdoor’s cost of living index, which doesn’t just make a straight-forward comparison of costs between the cities; rather it looks at relatively how much a standardised bundle of goods and services in each place might set you back.
Where are the most expensive places to live?
Unsurprisingly, Swiss cities Geneva and Zurich topped the poll for the priciest cities on the continent, pushing London into third place.
Norwegian capital Oslo, Bergen (also in Norway), Copenhagen and Paris all also placed ahead of eighth-placed Dublin.
To put Dublin’s position in context, the cost of living in Dublin is more that twice that of Greek capital Athens and Portuguese capital Lisbon.
What else did it find?
Good news for Irish consumers is that we seem to be able to stretch our euros a bit further than our continental neighbours.
The report by Glassdoor takes into account something it calls ‘Purchasing Power Parity’, which takes into account the relative price differences between countries.
By this measure, Ireland was second only to Switzerland, placing ahead of Norway, the Netherlands and Denmark, in third, fourth and fifth places respectively – and seven places ahead of the UK in ninth place.
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