Study Reveals The Cost Of Living In The Happiest Countries

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.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q2 2020 hedge fund letters, conferences and more

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!

David Einhorn Buys Three New Stocks: These Are The Names And Theses (Q3 Letter)

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasDavid Einhorn's Greenlight Capital funds returned 5.9% in the third quarter of 2020, compared to a gain of 8.9% for the S&P 500 in the same period. This year has been particularly challenging for value investors. Growth stocks have surged as value has struggled. For Greenlight, one of Wall Street's most established value-focused investment funds, Read More

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