Business · Economy · 2 hrs ago

Novy Urengoy and Salekhard top Russian cities for salary purchasing power

Novy Urengoy and Salekhard top Russian cities for salary purchasing power

Novy Urengoy and Salekhard ranked first and second in a list of Russia’s 100 largest cities, measured by how much people can buy with their wages.

The ranking compares take-home pay with the cost of a standard set of consumer goods.

In Novy Urengoy, a net salary was 5.93 times the cost of that set; in Salekhard, it was 5.59 times.

Anadyr came third, while Grozny and Nalchik were at the bottom of the list.

In most cities, an average salary could buy between 2.5 and 3.5 of the standard sets.

The figures show that salary purchasing power varies widely between Russian cities; the study gives no next steps.

Sources

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