Top 10 Countries with the Highest Average Income

You may love your job or hate it completely but what if you get paid more for the same job you’ve been hating or loving? This could make you love your job or love even more. Some countries have lower pay rates while there are super rich countries in the world who pay their residents a higher salary as compared to the entire world. If you have the ability and want to move to some higher paying country, here is the list you can pack your bags for.

 

10. Belgium

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Average Income: $3,963 - £3,082

GDP per capita: $50,510 - £39,285

Minimum wage: £1,337

Unemployment rate: 8.5%

The heart of Europe, Belgium is among the countries which pay a higher salary than the rest of the world. The country stands at 10th spot for higher average income among the European countries. The living cost is also a bit higher than other countries as it pays well to the working class.

 

9. Canada

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Average Income: $4,134 - £3,216

GDP per capita: $40,400 - £31,431

Minimum wage: £6,860 - £9,038

Unemployment rate: 6.8%

Canada is among the leading countries in terms of trade of natural resources as the country is rich in got gifted natural resources. It extracts trading goods like oil which has made it one of the highest paying countries.

 

 8. The Netherlands

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Average Income: $4,289 - £3,345

GDP per capita: $48,860 - £38,119

Minimum wage: £1,385

Unemployment rate: 5.3%

Netherland is a small country with a smaller population in Europe but it has secured itself as one of the highest paying nations. The Dutch people enjoy high salaries while living s relatively small country. The cost of living is also high as the wages are but it could be your next destination.

 

7. Ireland

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Average Income: $4,379 - £3,415

GDP per capita: $70,000

Minimum wage: £8,047

Unemployment rate: 6.25%

Being among one of the largest economies of the world, Ireland depends on services and trade mostly. The living standard of Irish people is quite well but it is costly as well. The living cost in Ireland is higher than that of UK.

 

6. Australia

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Average Income: $4,700 - £3,667

GDP per capita: $51,000 - £39,787

Minimum wage: £387

Unemployment rate: 5.7%

Australia has one of the most stable economies in the world and the pleasant weather is a bonus factor to move to this country for a better living. It is home to one of the biggest companies in the world. Mining, agriculture and services are among the factors which make the economy boom. With all these attractions, Australia has one of the highest living costs in the world.

 

5. United States

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Average Income: $4,893 - £3,816

GDP per capita: $57,000 - £44, 445

Minimum wage: $7.25 - £5,69 per hour

Unemployment rate: 4.4%

USA is the biggest economy of the world and it is home of one of the biggest companies and consumers’ goods. The jobs pay well and living cost varies depending where you’re residing among more than 50 states of America.

 

4. Denmark

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Average Income: $5,310 - £4,140

GDP per capita: $54,000 - £42,112

Minimum wage: Not available

Unemployment rate: 3.9%

Danish people enjoy one of the most comfortable lives in the world and have one of the highest paying jobs. Being a Scandinavian country, Danish people enjoy numerous public welfare projects. The living cost is high here but average income is enough to meet the expenses.   

 

3. Norway

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Average Income: $5,418 - £4,226

GDP per capita: $71,000 - £55,375

Minimum wage: Not available

Unemployment rate: 4.3%

Norwegian economy is largely dependent on natural resources which include petroleum and hydroelectric power. The living standard is high which requires a lot of expenses as well.

 

2. Luxembourg

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Average Income: $5,583 - £4,354

GDP per capita: $91,600 - £71,409

Minimum wage: £1,787

Unemployment rate: 6.0%

This country is highly dependent on banking sector and steel and industries. The country is the greenest country in Europe and it is called “the green heart of Europe”. Luxembourg like other higher paying countries is one of the most expensive countries to live in.

 

1. Switzerland

Image result for switzerland capital city

Average Income: $7, 396 – £5,764

GDP per capita: $80,000 -£62,379

Minimum wage: Not available

Unemployment rate: 4.0%

Switzerland is one of the most stable economies in the world. Finding job in Switzerland is comparatively easier but the living cost is extremely high. The living cost is 80% higher than that of UK.

Moving to these counties can get you some handsome amount but the language could be a barrier. Besides English, you’d need the local language in order to secure a good job.

 

Where would you like to move? Leave a comment in the comment section.

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