Moving abroad quality of life around the world
Quality of life varies all Around The World, in fact it might drastically vary from city to city and state to state. Interesting in this infographic map it explores which are the best countries Around The World to live in. This is based on various factors such as safety, healthcare, consumer prices and purchasing power, traffic commute, pollution and property price to income ratio. You maybe surprised to learn that some of the countries which you may deem to be the best places to live are not quite picture perfect, whereas some of the lesser know or small locations you may have disregarded may have ranked far higher then you initially thought.
Courtesy of MoveHub: Quality of Life Around the World
When looking at the index there are some rather interesting results for instance two Middle Eastern Countries Saudi Arabia (Rank 6) and Omen (Rank 7) have a higher quality of life in comparison to Australia (Rank 8), USA (Rank 10) and Canada (Rank 12). Whilst at first sight this seems like a unlikely scenario after closer examination you can see the factors which influence the quality of life can swing the scale.
Analysis of living standards in the top 15 countries worldwide
Analysing the top 15 countries it is evident that all countries did relatively well across all indexes. Switzerland was ranked with first place as it scored very well in all indexes and is rightfully on the top stop. Interestingly second place went to Denmark whilst it had a higher level of healthcare, consumer prices and property price to income ratio was half of Switzerland indicating it is by far more affordable to live in Denmark it did not outstrip Switzerland this was predominantly due to their purchasing power being very low. Third place went to Germany whilst they had the same property price to income ratio to that of Switzerland they did significantly better in regards to the Consumer Price Index and are correctly ranked in the top three.
When exploring the Scandinavian countries it is clear that Finland (Rank 4) and Sweden (Rank 5) did significantly better then Norway (Rank 9) as they had a higher perception of safety and lower price to income ratio. So you can essentially by a house in Finland on an average salary 25% more likely than in Sweden or Norway. Coupled with the fact whilst Norway has a higher wage structure their purchasing power is far lower.
This is where things get a little interesting Saudi Arabia (Rank 6) and Oman (Rank 7) ranked above many European Countries, along with Australia, Canada and USA. Whilst both countries might not have a high wage structure, their consumer price index and property prices are far lower than the Western Word resulting in a higher purchasing power and ultimately more affordability. You are 3 times more likely to be able to purchase a house in Saudi Arabia or Oman than in Australia, coupled with the fact cost of living is far lower.
Out of the Non-European countries Australia (Rank 8), USA (Rank 10) and Canada (Rank 12) all finished with relatively decent index scores. However, Australian scored their commute relatively low in comparison to the European countries. Interestingly Australians consumer price index is higher than that of the Canada, Europe (excluding Norway & Switzerland) and the USA. When comparing Australia to New Zealand (Rank 16) they have a higher purchasing power however, in New Zealand they feel safer and more confident in their healthcare system. In addition they are not so concerned about their daily commute as they live in a far more rural setting. They also pay less for property and goods in comparison to Australia.
As for the United Kingdom and Ireland they did not feature in the top 15 countries to live in, this is predominantly due to the fact countries such as Austria (Rank 11) and Netherlands (Rank 13) have a higher purchasing power. Furthermore, the Dutch feel safer than the British and Irish. In addition to this Netherlands has much more affordable housing in comparison to Austria but they are not so happy with their daily commute.
Iceland is in generally are very happy with their healthcare system but the main reason they did not rank as high as some of the other Nordic countries is simply because they have a much lower purchasing power coupled with a very high consumer price index. They did rank above Luxembourg (Rank 15) as they had one of the best rates of pollution levels and traffic commute.
A very important factor to consider when moving abroad is the quality of life index, whilst many people move to other countries for various reasons such as work, family or improvement on living standard, it is critical you explore all the various factors which make up quality of life. You must note that the index is a mere representation of average people who live in a given country, many of the factors are subjective and are open to debate making the index a guide and not definitive to your own living standard. You should balance in your own factors for migrating to another country and keep an open mind to the reasons why you are moving to a particular country.