Where an iPhone will really cost you
The new iPhone 6 isn’t cheap, and in cities where the average pay is low, such as Kiev, it’s particularly dear. Conversely, in a city such as Zurich, Switzerland, where salaries are high, a person can work as little as 20 hours to earn enough to buy one, according to the “Prices and Earnings” report, published every three years by Swiss bank UBS. By contrast, workers in Kiev on average would have to work 627 hours — more than three and a half months at 40 hours a week — to afford an iPhone 6.
The UBS report doesn’t run figures for Kansas City, but in the cities it covers it factors in local prices and net hourly wages for 15 professions across 11 sectors to show the huge differences in prices and buying power around the world.
For the closest city, Chicago, it puts buying power around 84 percent of New York’s.
This story was originally published September 28, 2015 at 8:25 AM with the headline "Where an iPhone will really cost you."