London travelcards are the most expensive in the world… twice the price of a New York pass
London is the priciest city to buy a monthly travel card, followed by Dublin and Mumbai is the cheapest
FOR all the global praise London's Underground and bus network receive, the iconic transport system has one overwhelmingly fatal flaw: price.
A study of 47 major cities around the globe found that Britain's capital boasts the most expensive public transport system in the world.
The results, , found the average cost of a monthly travel card in London to be almost twice the price of the same pass in New York, and at £135, it was some 30 per cent more than the second most expensive city, Dublin.
Mumbai came out the cheapest city for public travel, at just £11 per month.
However, India's most densely populated city did see eight people on average killed each day on railway tracks last year, making it also one of the most dangerous rail networks in the world.
The new report will come as a blow to Londoners, who already have to suffer extensive delays, regular strikes and daily overcrowding.
The report by Deutsche Bank also showed London to be one of the most expensive cities for general living.
It was billed as being fourth most expensive city for rent, and in the top ten most expensive places to purchase a gym membership, buy a packet of cigarettes or book a hotel room.
Times are also tough for London's drivers, as the city ranks third on the list of most expensive places to hire a car, and tenth for high petrol costs.
IT'S BETTER UP NORTH Londoners pay up to THREE times more on train tickets out of the capital than those coming in
Possibly the biggest blow for Londoners though came in table of cities with the best quality of life, where the English capital came 33rd.
The report explained: "London ranked very low mostly due to high living costs, crime, pollution and commuting time.
"This is highly subjective and one person's long commute may be another person's chance to catch up on Netflix.
"Megacity dwellers may also forsake short-term quality of life for aspirational reasons, with these cities providing more upside rewards from the average for those most successful."
London's average monthly wage after tax was just £2,150, pushing them out of the top ten best paid cities, below New York, Sydney, Olso and Tokyo to name a few.
Overall, Wellington in New Zealand was rated top for quality of life, while fellow Britons in Edinburgh were awarded second place.
