Average American Earns Enough to Buy Apple iPhone XR in 4.7 Days

Starting at $749, Apple's new iPhone XR has been touted as a wallet-friendly option for those who want a new Apple smartphone. But just how affordable is it for people in the US and around the world?

According to new data from electronics trade-in website BankMyCell, shared exclusively with PCMag, the average American would have to work 4.7 days to be able to afford the 64GB iPhone XR.

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The site compared the average monthly after-tax wages of residents in the largest cities in 61 countries to the local cost of the base iPhone XS, XS Max, and XR to come up with how many work days it would take someone in each region to afford one. The range is massive, they found.

With an average monthly salary of $3,428, Americans can pay off the base iPhone XR in less than one work week. Those in Bermuda, who have an average monthly salary of $5,500 (the highest of all the countries BankMyCell examined) can afford an iPhone XR in just 3.8 working days. On the other side of the spectrum, Cubans, who make $36 a month on average, would have to work 456.8 days—or five days a week for almost two years—to afford one.

Meanwhile, Americans can expect to work 6.3 days, on average, to afford the 64GB iPhone XS and 6.9 days for the 64GB iPhone XS Max. Someone in Cuba would have to work 608.4 days to afford the iPhone XS and 669.3 days to pay off the iPhone XS Max.

"With smartphone prices hitting astronomical new heights, these are truly luxury items for price-conscious markets around the world where tremendous sales volumes come from the budget handset market," BankMyCell stated in a news release.

For more, check out the chart below.