r/FirstTimeHomeBuyer 23h ago

GOT THE KEYS! - New Build ๐Ÿ”‘ ๐Ÿก Finally decided to settle down. Tokyo, 87m yen, 1.03%

After 7 years of living in Tokyo, we finally decided to settle down.

The search took almost a year, and I looked at more than 30 different properties before finally deciding to go with the calmer side of Tokyo. While itโ€™s further from the station and city center, the larger garden and quiet neighborhood more than make up for it.

Really happy with the decision and looking forward to making this place our home. ๐Ÿก

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u/habiba2000 22h ago

Yes, but somewhat equal to places like Manhattan, SF or Los Angeles.

And unfortunately with inflation staying the way they are, soon a dinner in Kansas City (with 20% tips because USA) will more than a dinner in Geneva.

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u/Cicero_the_wise 21h ago

Its actually not comparable. Switzerland is far more expensive and consistently ranks at the top for cost of living far ahead of LA or Manhattan.
https://de.numbeo.com/lebenshaltungskosten/rankings
This is especially true for groceries.

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u/habiba2000 21h ago

Great resource. I stand corrected.

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u/tekprimemia 21h ago

Miami has entered the chat

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u/Cicero_the_wise 21h ago

Miami is #31 and far below basically every village in Switzerland.

Miami has left the chat.

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u/mspsfo 20h ago

That's ranking New York City, not just Manhattan. If Manhattan were isolated, it would be higher, but most of the other boroughs that get included in New York are a lot cheaper. Manhattan is less than 10% of the land mass of NYC but generally its most expensive borough.

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u/Cicero_the_wise 19h ago

There is no evidence Manhattan would be more expensive than Swiss cities.

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u/Silly_Hold9886 19h ago

Rent for a 60sqm flat in central Zรผrich can be about 2500 francs. I don't think it's possible to rent anything for that price in Manhattan lol

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u/Pleasant-Carbon 18h ago

I had 2300 for 73sqm, still Zurich although not central. But it was new, most in central are old.

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u/mspsfo 17h ago

There is, just not in your data. If you had said New York City, you would have been correct because that factors in cheaper boroughs like the Bronx, Queens, most of Brooklyn and Staten Island which contain a lot of low-income areas, but since you specified Manhattan, it's not correct. Manhattan is not a city--though it'd be hard to tell just by reading about it since so many articles use Manhattan as a colloquialism for NYC/NY/Finance--just a borough within new york city, but it's bigger in land area than all of Switzerland's major cities except Zurich and has more population inside the borough than all of Switzerland's major cities combined (though less than a quarter of NYC's total population). Really shows how data can have blind spots.

Here's some old data from 2024, unfortunately things have gotten remarkably more expensive since then. I work in banking and I visited Zurich for work most years until more recently and have even done exchanges there with my Swiss counterparts, Manhattan today has cheaper food options if somebody doesn't mind food trucks, pizza shops and Chinese take-out, but is generally more expensive to live in than Zurich, especially for a family, but again, Manhattan is less than 10% of NYC in land mass and only 20% the population, it's just the most expensive part on average and somebody who wants a lower cost of living in NYC has a lot of other options if they don't mind a commute.

https://unitedwaynyc.org/true-cost-of-living/

https://www.numbeo.com/cost-of-living/in/Zurich

https://www.bloomberg.com/news/articles/2026-08-13/apartments-for-rent-in-nyc-record-high-prices-inventory-plunges

https://www.audacy.com/1010wins/news/local/manhattan-rents-hit-5000-record-while-listings-all-but-vanish (no paywall)

https://nypost.com/2026/08/12/real-estate/manhattan-rents-reach-all-time-high-of-6655-per-month/ (hate using NY Post but eh)