Axios: Looking for a deal? Try Tokyo. Comment: Ireland rents are so expensive too

Posted on July 16, 2026 by michelleclarke2015
Looking for a deal? Try Tokyo
 
A bar chart that compares average three-bedroom rents across 11 cities. New York is highest at $8,873, followed by Zurich at $6,285 and San Francisco at $6,071. Tokyo is lowest at $2,361. Most cities cluster between about $4,850 and $5,900.Data: Numbeo.com via Deutsche Bank Research Institute. (For an apartment in the “city center.”) Chart: Emily Peck/Axios

The cost of living in Japan has gotten exceptionally cheap in dollar terms compared with other developed countries, Axios’ Emily Peck writes from a new report.

Major U.S. cities have grown ever more pricey.

🤑 Inflation, a stronger dollar and a weaker yen, and larger economic shifts have scrambled the global cost-of-living map.

The authors of the Deutsche Bank Research Institute paper write: “The old assumptions about which places are expensive, which are cheap and where wages compensate for living costs no longer always hold.”

🌎 The bank looked at 69 cities across six continents, comparing the costs of housing and dining out — plus things like the price of a “cheap date” and an iPhone.

Tokyo ranks near the middle or bottom of the bank’s tables for many expenses. It’s 57th most expensive for a meal for two, and 40th for renting a three-bedroom apartment

.🏙️ Stunning stat: The average monthly rent for a three-bedroom apartment in New York is now $8,900. In Tokyo, it’s just $2,400.

Yes, but: Averages can skew the numbers, as super pricey rentals get thrown into the mix.

Reality check: Jim Reid, head of the Deutsche Bank Research Institute, tells Axios that “being expensive isn’t necessarily an outright negative.”

“It can be just because the economy runs well and attracts a lot of inflows.”Explore the data … Share this story.
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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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