The world's 10 richest cities - Number Six Los Angeles

The world's 10 richest cities,Number Six Los Angeles

Los Angeles, which is the sixth richest city in the world, is also among the highest paymasters. Home to Hollywood, LA is also the world's entertainment capital.

On an average, the world's highest gross and net wages are paid in North America.

The world's 10 richest cities - Number Five Oslo

The world's 10 richest cities,Number Five Oslo

5. Oslo
Oslo is fifth richest city and the world's most expensive city. It is also the hub of Norwegian trade, banking, industry and shipping.

According to UBS, the deductions take the largest average bite out of gross income in Western Europe (27.6%), followed closely by North America (26.2%) and Eastern Europe (25.1%).

Payroll deductions are lower in the Middle East (9.2%), Asia (13.4%), South America (15.1%), Africa (19%) and Oceania (22%).

The highest payroll deductions are found in Copenhagen and Ljubljana, followed by Munich, Oslo, Amsterdam, Brussels and Frankfurt, where at least one-third is deducted from gross wages.

Payroll deductions are lowest in Bangkok, Delhi, Hong Kong, Caracas and Mexico City, where less than 10% of gross income -- although relatively modest -- goes to taxes and social security contributions on average.

State deductions are virtually nonexistent in the cities of Doha, Dubai and Manama.

The world's 10 richest cities - Number Four New York

The world's 10 richest cities,Number Four New York

4. New York
Geneva is followed by New York at the fourth position. One of the world's most expensive cities, the wages in New York, Los Angeles, Miami and Chicago are significantly higher on average than in the Canadian metropolises of Montreal and Toronto.

The weighted average net hourly wage for our 14 occupations was highest in Zurich, Geneva, New York and Dublin.

At the bottom of the league are employees in Nairobi, Delhi, Manila, Jakarta and Mumbai, who have to settle for less than one-tenth of European or North American incomes.

Workers there receive an average of around $1.4 for an hour's work. On a global scale, hourly wages average around $11.8 before taxes and $8.8 after.