On Air Now

Overnight Music

Midnight - 6:00am

  • 045 901 490
  • 0833-979797

Now Playing

Jack L

Georgie Boy

Dublin One Of The ‘Least Financially Viable’ Cities To Live In, Survey Finds

File image: Rolling News

The report highlights expensive rents as the main reason for high cost of living in the capital.

High rents and the increasing cost of living in Dublin is making it one of the most expensive cities in the world to live.

Dublin is the 7th most expensive, or least financially viable city to live in according to a study of 56 cities worldwide by British insurance group CIA Landlord.

Despite average salaries of 3-thousand euro a month, it showed people in Dublin after still ending up in debt when all their bills are paid.

A housing charity says increasing rents and the high cost of living in Dublin is forcing people into arrears.

The study found when average monthly rental prices for 3-bed apartments and the cost of living like transport, utility bills and childcare are deducted from average salaries people in Dublin are being left with a shortfall of 785 euro each month.

The Money Advice and Budgeting Service (mabs) helpline is available on 0818 07 2000.

John-Mark McCafferty from housing charity Threshold says many people are worried about rising rents:

 

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Sat

    Sunny intervals

    11°C

  • Sun

    Light rain shower

    12°C

  • Mon

    Heavy Rain

    12°C

  • Tue

    Light rain

    13°C