The year 2016 is full of numbers; in economics, cost of living, employment, immigration, education and such. As potential immigrants to foreign lands, one of the most informant things to consider is the cost of living factor. This includes house rent, groceries, transport, consumer or purchasing power index, restaurants and other lifestyle choices, crime, pollution, quality of life, and healthcare. Taking all these factors and more in together, Numbeo has provided the most comprehensive Cost of Living Index by Country for the year 2016. To this we paralleled the Human Development Index 2015 (HDI), which is based on statistics from 2014. We at Y-Axis have gone through both data lists to give you a low down on the best country options to help you shortlist your future immigration destination.
From the Numbeo charts, the top 20 countries corresponding Consumer Price Index (CPI) are:
| Country | CPI Ranking |
| Bermuda Switzerland Bahamas Norway Iceland Denmark
Singapore Luxembourg Kuwait Hong Kong Japan United Kingdom |
123456
7 8 9 10 11 12 |
| Australia | 13 |
| New Zealand | 14 |
| Ireland | 15 |
| Israel | 16 |
| Sweden | 17 |
| Belgium | 18 |
| FranceFinland | 1920 |
From the HDI 2015 charts, the top 20 countries corresponding Human Development Index (HDI) are:
| Country | HDI Ranking |
| Norway | 1 |
| Australia | 2 |
| Switzerland | 3 |
| Denmark | 4 |
| Netherlands | 5 |
| Germany | 6 |
| Ireland United States Canada New Zealand Singapore Hong Kong
Liechtenstein Sweden United Kingdom Iceland South Korea Israel Luxembourg Japan |
789101112
13 14 15 16 17 18 19 20 |
with a simple corresponding (link the first list to the second list) exercise, the top 10 countries for immigration as per the results are:
| Country | Ranking |
| Norway | 1 |
| Switzerland | 2 |
| Denmark | 3 |
| Australia | 4 |
| Ireland | 5 |
| Iceland | 6 |
| Hong Kong | 7 |
| New Zealand United Kingdom Sweden | 8910 |
Though this is just a top 10 list, there are many more that have made the cut into a top 20 list, where it should be highly unlikely that you can go wrong. They are: Singapore, Japan, Belgium, France, Finland, Canada, USA, Italy, Austria, and Spain.
So if you have to make a short-list of countries that can give you the Return on Investment (ROI) that you desire; the best countries are those with the best amenities on offer with the best economy and high consumer index. For working immigrants, it really would not matter as you will earn a lot more than the minimum wage specified. For students, we know that your investment will be high, but post study working will return your investment manifolds.
In part two, we will approach details on the best cities in the world to immigrate to. Stay tuned to Y-Axis Blog on y-axis.com for more informative dialogues.
If you are looking to shape a successful career, contact Y-Axis, the world’s most trusted Study Abroad Consultants.