The most affordable city for young people to live? It's not London...

The Youthful Cities Affordability Index, compiled by the Toronto-based strategic consultancy Decode, tracks nine measures of urban life across 25 of the world's largest cities.It compares the price of rent, tax, travel, a dozen eggs, a cinema ticket, a burger, music concerts and flights, as well as the minimum wage.Although Berlin tops the chart on more of these measures than any other city, Paris emerges the overall winner due to the importance that the index places on the minimum wage.Toronto, Los Angeles, Chicago and Berlin round out the top five on the overall ranking, leaving London in 10th place.France’s minimum wage was lifted above inflation to $12.84 (£7.98) in July 2012, almost a full dollar higher than Germany’s $11.86.Despite the UK’s minimum wage increasing by 19p to £6.50 at the start of October, London ranks sixth, behind Rome, Tokyo and Toronto.New York ranks 10th with its minimum wage of $7.25 when the index was compiled; its recent increase to $8 would bump the city up to be joint-eighth with Los Angeles.Berlin’s regulated housing market and large renters’ community puts the German capital in top place for rent affordability, with a rating of 115, calculated by the numbers of hours of minimum wage work needed to rent a furnished apartment for one month.Rome and Chicago round out the top three, with respective scores of 185 and 189. London’s rating of 411 puts the city in 11th place, just ahead of New York’s 504.And now to the important stuff: where you can eat, party, catch movies and travel abroad on the cheap. Berlin is the cheapest place on the 25-city index to buy burgers and concert tickets, Rome is the most affordable city to go to the cinema and Istanbul offers the lowest cost flights out of the country.The Youthful Cities report creates its ranking by measuring the number of hours a person would have to work at minimum wage to be able to afford each item.(telegraph.co.uk)Bakudaily.Az