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    Home»Real Estate»Comparison of House Rental Costs in Different Cities Worldwide
    Real Estate

    Comparison of House Rental Costs in Different Cities Worldwide

    JamesBy JamesFebruary 10, 2024

    As you may know, comparing the costs of renting a house in Tehran with various cities worldwide is by no means a straightforward task. Various factors such as the quality and durability of the structure, square footage, year of construction, number of bedrooms, and more, have an impact on housing prices in different parts of the world.

    In addition, the annual income of households will also directly affect the amount of rental expenses in Tehran. Therefore, we intend to examine the average income of individuals in different cities worldwide and explore the necessary expenses for renting a two-bedroom house with an area of 70 to 80 square meters in a medium-range area.

    London; United Kingdom

    The cost of housing in London is very high, and living in this city requires favorable financial conditions. Considering that the average income of individuals in London is over £3200 per month, people, on average, need to spend £1900 for a two-bedroom house in the city center to reside in this unique and dreamy city.

    Paris; France

    Paris is not much behind London in terms of staggering living costs. The average income of residents in this dreamy and attractive city is $4700. A significant portion of this income, around $2800, needs to be spent on renting an ordinary house. For renting a furnished one-bedroom house ranging from 30 to 70 square meters in Paris, the cost ranges from $1300 to $3000 per month.

    Zurich; Switzerland

    Among European countries, Switzerland is considered one of the wealthiest. According to the data from the Federal Statistical Office of Switzerland, the residents of the capital receive an average monthly income of $9,400. They spend around $4,700 on renting a three-bedroom house in the city center. Therefore, they enjoy exceptionally favorable financial conditions.

    Tokyo; Japan

    Statistics show that the monthly income of people in Tokyo, the capital of Japan, is $4,229, and the average cost of renting a house is $2,400 per month. For example, the rent for a one-bedroom apartment outside the city center in Tokyo is $597 per month, and the rent for a three-bedroom apartment in the city center is $2,400. However, the lifestyle and the size of houses in Tokyo are different from other countries due to the high population density.

    Delhi; India

    Given that the average monthly income in this city is less than $200, people living in Delhi need to spend over $400 for a house with the specified features. Therefore, most people in this country, like other regions around the world, try to reduce rental costs by renting small houses with minimal facilities, leading to a significantly lower standard of living.

    Istanbul; Turkey

    For performing the simplest and most common jobs in Istanbul, you receive an amount exceeding 11,000 liras (minimum wage). While the average rent for a house with the specified features in this city is attractive, costing over 6,000 to 7,000 liras. In other words, the cost per square meter is 150 liras for one month. Istanbul is a tourist country where you have to bear high expenses for living in it.

    Berlin; Germany

    Germans must spend one-fourth of their income to rent an average house in Berlin. According to statistics and research, the average income in the capital of this country is 4,560 euros, and the cost of renting a house in cheaper neighborhoods averages 11 euros per square meter, while in more expensive neighborhoods, this figure reaches 34 euros per month.

    Toronto; Canada

    Toronto, the capital of Ontario, is one of the most important cities in Canada. People have an average annual income of $57,500 and a monthly income of $4,800, spending an average of $2,300 on housing rent in Toronto. For instance, the average rent for a two-bedroom unit in the city of Toronto is $2,500 per month.

    Tehran; Iran

    Based on the statistics and information obtained in 2019, the average income of people in Iran is registered at $450 or, in other words, 50,300,000 Iranian Rials. However, this income level is for major cities, and people in other cities receive slightly less than this amount.

    Examining apartment rental prices in Tehran is not a straightforward matter, as houses with the specified criteria in various parts of the city are rented at different amounts due to the varying amount of the house deposit in Tehran. If you want to explore the rental costs more accurately in Tehran, you can visit the kilid website.

    https://kilid.com/

    In Iran, it is customary to receive a certain amount as a deposit for renting a house. While in other parts of the world, upfront money is not exchanged for house rent. Therefore, to compare the cost of renting a house in Tehran with other cities, we assume that the rental model in Tehran is in cash and on a monthly basis. According to the rental prices in 2023, for a one-bedroom house in the city center of Tehran, you need to pay around 230 million Iranian Rials, and for a three-bedroom apartment in good neighborhoods of Tehran, it’s approximately 460 million Iranian Rials per month.

    James
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