In a world where differences in living standards are stark, it is essential to know which countries offer the best balance between cost of living and salary. While some countries offer high salaries, they can be accompanied by a prohibitive cost of living. Conversely, some places, although less well paid, allow you to live comfortably thanks to lower expenses. Here is an overview of destinations that combine salary opportunities and quality of life.
Read more: The 10 countries that offer the best salaries for expats in 2024
Criteria to take into account
To determine the best countries in terms of opportunities, There are several key factors to consider. The average gross and net salary makes it possible to measure purchasing power. At the same time, the cost of living – including housing, food, transport and health – plays a decisive role. Social benefits, such as paid leave and social security, also greatly influence the comfort of life. Finally, career prospects and general well-being are elements to evaluate carefully.
Countries offering an excellent cost of living/salary ratio
Suisse
With some of the highest salaries in the world, Switzerland is a preferred destination. The average gross salary is around €6,500 per month, but it is accompanied by a very high cost of living, particularly for housing and health. Cantons sometimes offer tax advantages that make life more affordable.
Luxembourg
Luxembourg stands out for having a minimum wage that is among the highest in Europe, exceeding €2,300 gross per month. Many cross-border workers benefit from a tax exemption, but housing remains a significant expense.
United Arab Emirates
Dubai and Abu Dhabi offer attractive salary opportunities, particularly in the oil, finance and tech sectors. With the total absence of income tax, the Emirates attract many expatriates. However, the cost of housing and private education can be high, not to mention extreme weather conditions.
Canada
With an average net salary of around €3,500 per month, Canada offers an interesting balance. Solid infrastructure and an accessible health system contribute to an appreciable quality of life. However, large cities like Toronto or Vancouver have a significant cost of living.
-Portugal
This European country combines a relatively low cost of living and an excellent quality of life. Although average salaries are lower than in other Western countries, they allow for a comfortable lifestyle thanks to lower expenses, particularly on housing and food.
Regions to watch
Apart from the countries mentioned, certain regions present growing potential. In Eastern Europedestinations like Poland and Romania have low costs with rapid wage growth. In Southeast Asiacountries like Malaysia and Vietnam allow you to live comfortably with very low expenses. Finally, Latin Americaalong with countries like Mexico and Chile, offers opportunities in booming sectors, including services.
Tips for choosing the right destination
To optimize your choice, establish a forecast budget taking into account fixed costs such as housing, transportation and health insurance. Analyze the social benefits offered by the country, as well as possible savings through cost of living differences. If possible, take a temporary stay to test out daily life before making a long-term commitment.
Read more: The minimum wage in European Union countries in 2024
Choosing a country to optimize the balance between cost of living and salary depends on your personal priorities: savings, quality of life, professional opportunities. Destinations like Switzerland, Canada or Portugal clearly illustrate the diversity of possible choices. Take the time to study the different options to find the one that best meets your aspirations.
