Study Reveals The Cost Of Living In The Happiest Countries

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Study Reveals The Cost Of Living In The Happiest Countries
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A new study by DirectlyApply has revealed the cost of happiness around the world, analysing what the average salaries are for the happiest countries, alongside the average retirement and living age.

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The study found that Helsinki ranked as first with a happiness score of 7.76 out of 10. For those who are looking to move to Finland, locals will need to earn on average £27,936 in order to be the happiest in the world. A stand out fact from the research is that those living in Finland have to earn a huge £6,349 less compared to second placed Copenhagen!

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Following Helsinki and Copenhagen, Oslo, Reykjavik and Bern rank 3rd, 4th and 5th with happiness ratings ranging between 7.55 and 7.48. However, as these countries have high living costs, individuals will need to earn between £31,585 and £55,750 to be happy!

London also ranks in at 15th with a happiness score of 7.05 out of 10, but residents here will need to earn at least £33,396 to make the most of this capital city.

The Top 25 Happiest Countries to Live in

Rank Country Capital city Happiness rating Average yearly salary
1 Finland Helsinki 7.76 £ 27,936
2 Denmark Copenhagen 7.6 £ 34,342
3 Norway Oslo 7.55 £ 31,585
4 Iceland Reykjavik 7.49 £ 27,590
5 Switzerland Bern 7.48 £ 55,751
6 Netherlands Amsterdam 7.48 £ 31,764
7 Sweden Stockholm 7.34 £ 27,271
8 New Zealand Wellington 7.3 £ 29,699
9 Canada Ottawa 7.27 £ 27,357
10 Austria Vienna 7.24 £ 23,554
11 Australia Canberra 7.22 £ 33,353
12 Costa Rica San Jose 7.16 £ 7,759
13 Israel Jerusalem 7.13 £ 21,244
14 Luxembourg Luxembourg 7.09 £ 19,271
15 United Kingdom London 7.05 £ 33,396
16 Ireland Dublin 7.02 £ 27,172
17 Germany Berlin 6.98 £ 26,950
18 Belgium Brussels 6.92 £ 25,966
19 Czech Republic Prague 6.85 £ 12,249
20 United Arab Emirates Abu Dhabi 6.82 £ 26,525
21 Malta Valletta 6.72 £ 12,086
22 France Paris 6.59 £ 26,999
23 Mexico Mexico City 6.59 £ 5,514
24 Taiwan Taipei 6.44 £ 15,081
25 Chile Santiago 6.44 £ 5,968

 

The Retirement Age of the Happiest Cities Around the World Is 65 Years Old!

The study also looked into the average retirement age of the happiest cities around the world. It found that being 65 years old is the optimum age to retire if you want to be happy!

If retiring early is on your bucket list, look not further than Guatemala City! The city has an average retirement age of 60 years old meaning you can retire early and live out your best years.

Valletta in Malta and Prague in Czech Republic follows Guatemala with average retirement ages being 62 and 63 respectively. The ever popular destination of France has a retirement age of 64 years old, just 4 years longer than Guatemala City - an option for many who are looking to spend the rest of their lives in Paris!

The Top 10 Countries to Move to for the Lowest Retirement Age

Rank Country Capital city Average retirement age
1 Guatemala Guatemala City 60
2 Malta Valletta 62
3 Czech Republic Prague 63
4 France Paris 64
5 Finland Helsinki 65
6 Denmark Copenhagen 65
7 Switzerland Bern 65
8 Sweden Stockholm 65
9 New Zealand Wellington 65
10 Canada Ottawa 65

 

Switzerland Ranks First as Having the Longest Life Expectancy at 84 Years Old!

To match its beautiful scenery, Switzerland holds the highest life expectancy at 84.25 years old. For those who are looking to move to another country for the remainder of their lives, this country allows for the highest level of opportunity to be happy in retirement. Italy closely follows with an average life expectancy of 84.01 years old.

Alongside it’s beautiful scenery, cosy winters and great landscapes, Switzerland holds the highest life expectancy of all countries at 84.25 years old. Italy follows closely behind with an average life expectancy of 84.01 years old, with Spain coming in third.

Now although Switzerland offers the highest average life expectancy, it does come at a cost. As Switzerland is known for being an expensive country, local residents will need to earn $61,460 in order to be happy!

The Top 10 Counties for the Highest Life Expectancy

Rank Country Capital Average life expectancy 
1 Switzerland Bern 84.25
2 Italy Rome 84.01
3 Spain Madrid 83.99
4 Australia Canberra 83.94

 

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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