Quality of Life Index

There is more to life than cold economic and GDP numbers, so that’s why we’ve analysed data for quality of life relating to key metrics that determine happiness. Discover the full index below to find out which country tops the list for expats to live in.

Rank Country World
Happiness
Ranking
Average
Monthly
Salary
Cost of
Living
Property
price to
income
ratio
Quality of
healthcare
Global
peace level
1 Switzerland 7.48 £4,792.89 122.4 8.68 72.44 1.375
2 Denmark 7.6 £2,845.10 83 7.45 80 1.316
3 Iceland 7.494 £2,275.14 100.48 6.74 65.92 1.072
4 Norway 7.554 £2,551.05 101/43 8.77 74.36 1.536
5 Australia 7.228 £2,716.87 73.54 7.52 73.54 1.419
6 Finland 7.769 £2,225.59 70.38 8.35 75.79 1.488
7  New Zealand 7.307 £2,090.20 72.53 8.52 73.81 1.221
8 Netherlands 7.488 £2,280.78 73.75 7.51 74.65 1.53
9 Austria 7.246 £1,867.61 70.38 10.88 78.73 1.291
10 Canada 7.278 £1,881.40 67.62 7.97 71.58 1.327
11 Singapore 6.262 £2,771.93 81.1 22.31 70.84 1.347
12 Sweden 7.343 £2,210.08 69.83 9.27 69.23 1.533
13 Japan 5.886 £2,062.97 83.35 13 81.14 1.369
14 Belgium 6.923 £1,862.85 71.78 6.91 74.34 1.533
15 Germany 6.985 £2,160.40 65.26 9.38 73.32 1.547
16 Ireland 7.021 £2,139.87 75.91 7.49 51.89 1.39
17 Qatar 6.374 £2,562.50 64.04 5.82 73.3 1.696
18 United Kingdom 7.054 £1,915.28 67.28 10.09 74.46 1.801
19 France 6.592 £1,887.23 74.14 13.04 79.99 1.892
20  United States of America 6.892 £2,752.80 71.05 3.52 69.27 2.401
21 South Korea 5.895 £1,812.29 78.18 17.31 81.97 1.867
22 United Arab Emirates 6.825 £2,028.40 61.98 5.29 67.04 1.847
23 Israel 7.139 £1,901.14 81.15 12.83 73.29 2.735
24 Taiwan 6.446 £1,105.18 61.37 23.69 86.71 1.725
25 Spain 6.354 £1,235.01 53.77 9.37 78.88 1.699
Explore table
Switzerland
is the best country for quality of life
The number one country for expats is Switzerland – perhaps that’s not surprising, given the Swiss commitment to neutrality and peace, but a high average monthly salary and a strong ratio of property price to income makes it a great option for anyone looking for a new country to settle in. The Nordic states also come out extremely well, with Denmark, Iceland, Norway and Finland all making the top ten – so it seems the chilly climate doesn’t stop them from being great places to live.
 
 
The most popular country for Brits moving abroad is
Australia
More than a million Brits live in Australia – that’s almost twice as many British expats as the next most popular country, Spain.
The four main reasons for people to move abroad
Family
ties
Lifestyle
improvement
Earning more money
/ new career
opportunities
Adventure and
new activities

Q&A from Expat Experts

From QROPS and tax advice to how expats can invest money, here you’ll find the answers from the experts at Blacktower Financial Management to some of the most commonly asked questions asked by expats.

Sources  

Reasons for moving abroad - https://www.ippr.org/publications/brits-abroad-mapping-the-scale-and-nature-of-british-emigration

Quality of life Index:
World Happiness Data - https://worldhappiness.report/ed/2019/
Average monthly net salary (after tax) - https://w3.unece.org/PXWeb2015/pxweb/en/STAT/STAT__20-ME__3-MELF/60_en_MECCWagesY_r.px/?rxid=0806c85a-23f8-4249-a4d0-10980df459d1
Cost of living - https://www.numbeo.com/cost-of-living/rankings_by_country.jsp?title=2020
Property price to income ratio - https://www.numbeo.com/property-investment/indicators_explained.jsp
Quality of healthcare - https://www.numbeo.com/health-care/rankings_by_country.jsp
Global peace level - http://visionofhumanity.org/app/uploads/2019/06/GPI-2019-web003.pdf

Methodology:
To calculate the Quality of Life index, we first normalised the data categories and the following metrics were used per country: World Happiness Data, Average monthly salary (after tax), Cost of living, Property price to income ratio, Quality of healthcare, Global peace level.