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Comment by Konichivalue

3 years ago

Yes, the numbers are a bit skewed by the fact that more people live alone in Tokyo than Paris or NYC, but it's definitely true that you get more square meters per $ in Tokyo. Also, it is true that people on Tokyo on average earn less than NYC, London and Paris, but they also spend a smaller percentage of their total income on housing, so housing is cheaper in PPP terms too. I'll dig out the exact numbers tomorrow if anyone is interested, but now I'm out in one of Tokyo's extremely cheap bar districts having skewers and beers for less than $10

Do you know numbers about how much housing is sponsored by the companies in Japan? Maybe that's what is making the difference since it's not counted neither as salary, nor as the price of the house? I know some large companies sponsor partially or totally the housing of thousands of their employees, again skewing prices greatly.

For example if Tanaka's salary is $500 lower because the company is partially paying for their place, that means on paper his salary is lower, the price of the place is MUCH lower, and the ratio of housing/salary is also lower, than if he received those $500 and then used it to pay for the house.

  • In Tokyo, you can work as a part time janitor and make enough to live in a 500 square foot place within a 30 minute commute by train

    • No, you can’t.

      50sqm is a large apartment for a single person. Without checking, I’d guess somewhere in the neighborhood of 20 man per month.

      A part time janitor would gross half that.

      4 replies →

  • They aren't from my experience working in two major Japanese companies. Sometimes they'll pay your network bill if WFH is allowed, but that's basically it. Not sure about smaller companies, but honestly, I'd be surprised.

  • There's a tax savings thing that companies do, where the lease is done in their name, and your rent is deducted from your paycheck. It's beneficial for both you and the employer, so it's pretty common.

    I don't think it's extremely common to live in actual employer provided housing.