5 Countries With the Highest Standard of Living

Below you can see our list of the top 5 countries with the highest standard of living. For our methodology and a detailed discussion of this topic please see this article.

5. Norway

Norway is probably one of the most beautiful countries in the world, and has combined this natural beauty with strong infrastructure, allowing access to even the most remote areas in the country and affording everyone a decent standard of living.

4. Iceland

It may only have 300,000 people and the vast majority of the country is untouched, raw terrain with astounding beauty, but Icelandic residents also enjoy a superior standard of living.

3. Switzerland

Switzerland residents have a much higher average income when compared with the OECD average, and this combined with the superior performance in all other metrics allows it to claim a high place on our list.

2. Denmark

75% of the working population in Denmark has a paying job, as opposed to the OECD average of 68%, and this is just one of the many metrics the country excels at.

1. Australia

Topping the list of 5 countries with the highest standard of living in the world is Australia, with its excellent job opportunities, strong economy and better income.

See also 25 countries with the best quality of life in the world and 20 richest people in the world.