Real Estate
Austin, Salt Lake City Top Global List of Most Affordable Cities
New York, Mexico City and Hong Kong rank among the least affordable.
The skyline in Austin.
Photographer: Sergio Flores/BloombergA handful of midsized US cities and major Australian metro areas are among the most affordable places in the world to live, according to a new study.
Salt Lake City topped the ranking in a recent report by DWS Group, with Austin, Dallas and Atlanta also in the top 10. The firm analyzed 80 major metro areas across the Americas, Europe and the Asia Pacific region, finding that residents there spend an average of 38% of their post-tax income on rent for a two-bedroom apartment.