Dunedin, New Zealand

Capital City

The population of 132,800 sounds sizable, but Dunedin's remote location and cool, cloudy climate are a persistent headache. With a median income of just $33,500 and over 9,800 people earning over $100,000, the income disparity is stark. And while the city boasts a vibrant arts scene and UNESCO City of Literature status, the bureaucracy can be a real drag. Overall, Dunedin's charms may appeal more to retirees and outdoorsy types than young professionals seeking big-city amenities.