World’s Top 20 Cities For Cash-Strapped Millennials In 2018

Sure there’s plenty of action in London and New York, but who can afford the rent?  As it turns out, Scotland’s Edinburgh ranked No. 1 in MoveHub list of cities where young people can find the best quality of life for their money.

Here, a fully furnished one-bed apartment costs on average $756.66 per month, accounting for 30% of the average monthly earnings. Leaving plenty of disposable income to enjoy.

Austria’s capital city Vienna and German capital Berlin ranked No. 2 and No. 3, respectively.

And, if you’re wondering, other 17 cash-strapped millennials friendly cities in the world.

Yay. But, what the heck does that mean, you ask? Good question.

The folks at MoveHub, an international relocation company, has examined the affordability & lifestyle for young people in 32 large cities around the globe, taking into account average monthly costs including income, renting a one-bed apartment, public transport, as well as the density​ ​of cheap eats (places​ ​per 100,000 people), the cost of a coffee, as well as the city’s safety score (based on Deutsche Bank research).

India’s financial centre – the city of Mumbai ranked 8th on the list, offering the cheapest public transport ($14.60 per month) and one of the cheapest coffees, Mumbai also beat out competitors Paris, Brussels and Dublin for safety, with a fairly respectable score of 30. As India’s most cosmopolitan city continues to modernize and develop, perhaps it will gradually become a popular choice for broke millennials looking to move elsewhere. Emma Leigh-Morgan, Data Analyst at MoveHub wrote.

These are the 20 best cities to move to if you are a broke millennial in 2018:

1. Edinburgh, Scotland
Cost of public transport: $70.60
Income: $2,328.31
Rent: $756.66
Density of cheap eats: 84.32
Cost​ ​of cappuccino: $3.41
Safety Index: 10

2. Vienna, Austria
Cost of public transport: $50.20
Income: $2,209.19
Rent: $645.09
Density of cheap eats: 26.32
Cost​ ​of cappuccino: $3.69
Safety Index: 6

3. Berlin, Germany
Cost of public transport: $87.20
Income: $2,460.32
Rent: $630.90
Density of cheap eats: 36.78
Cost​ ​of cappuccino: $3.11
Safety Index: 19

4. Prague, Czech Republic
Cost of public transport: $21.70
Income: $1,199.33
Rent: $530.02
Density of cheap eats: 66.39
Cost​ ​of cappuccino: $2.15
Safety Index: 11

5. Madrid, Spain
Cost of public transport: $57.7
Income: $1,904.42
Rent: $687.24
Density of cheap eats: 21.15
Cost​ ​of cappuccino: $1.99
Safety Index: 13

6. Helsinki, Finland
Cost of public transport: $56.90
Income: $2,898.98
Rent: $856.35
Density of cheap eats: 12.52
Cost​ ​of cappuccino: $4.28
Safety Index: 9

7. Copenhagen, Denmark
Cost of public transport: $77.60
Income: $2,78.05
Rent: $1,019.73
Density of cheap eats: 22.40
Cost​ ​of cappuccino: $5.41
Safety Index: 5

8. Mumbai, India
Cost of public transport: $14.60
Income: $833.03
Rent: $287.97
Density of cheap eats: 2.03
Cost​ ​of cappuccino: $2.01
Safety Index: 30

9. Melbourne, Australia
Cost of public transport: $105.50
Income: $3,250.99
Rent: $970.40
Density of cheap eats: 13.53
Cost​ ​of cappuccino: $2.96
Safety Index: 21

10. Warsaw, Poland
Cost of public transport: $28.90
Income: $1078.77
Rent: $490.67
Density of cheap eats: 24.03
Cost​ ​of cappuccino: $2.52
Safety Index: 8

11. Kuala Lumpur, Malaysia
Cost of public transport: $32
Income: $1,027.64
Rent: $331.90
Density of cheap eats: 5.36
Cost​ ​of cappuccino: $2.64
Safety Index: 43

12. Tokyo, Japan
Cost of public transport: $110.70
Income: $2,819.86
Rent: $1,060.77
Density of cheap eats: 10.16
Cost​ ​of cappuccino: $3.40
Safety Index: 3

13. Brussels, Belgium
Cost of public transport: $54.90
Income: $2,414.16
Rent: $810.14
Density of cheap eats: 20.96
Cost​ ​of cappuccino: $3.36
Safety Index: 38

14. Cape Town, South Africa
Cost of public transport: $28.70
Income: $1,419.13
Rent: $519.09
Density of cheap eats: 4.43
Cost​ ​of cappuccino: $1.74
Safety Index: 44

15. Amsterdam, Netherlands
Cost of public transport: $30
Income: $2,808.95
Rent: $1,267.04
Density of cheap eats: 53.41
Cost​ ​of cappuccino: $3.24
Safety Index: 14

16. Stockholm, Sweden
Cost of public transport: $90.7
Income: $2851.47
Rent: $939.50
Density of cheap eats: 14.53
Cost​ ​of cappuccino: $4.29
Safety Index: 25

17. Chicago, US
Cost of public transport: $102.1
Income: $4,189.46
Rent: $1,126.74
Density of cheap eats: 9.82
Cost​ ​of cappuccino: $3.96
Safety Index: 41

18. Toronto, Canada
Cost of public transport: $84
Income: $2,631.47
Rent: $1,035.87
Density of cheap eats: 15.95
Cost​ ​of cappuccino: $3.06
Safety Index: 17

19. Sydney, Australia
Cost of public transport: $108.4
Income: $3,839.62
Rent: $1,474.97
Density of cheap eats: 15.42
Cost​ ​of cappuccino: $2.93
Safety Index: 20

20. Oslo, Norway
Cost of public transport: $82.2
Income: $3,396.89
Rent: $1,083.52
Density of cheap eats: 15.97
Cost​ ​of cappuccino: $4.72
Safety Index: 31

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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