Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Top 9 destinations for the cost-conscious UK expat

By Will Grahame-Clarke, 6 Aug 18

With the UK cost of living now 103% of average family income, more will consider a life abroad

Will public registers work without international consensus?

Global money map. World map made of money coins isolated on white background

Sweden has topped the Moneysupermarket expat cost of living index because it only costs 43% of two peoples’ salary to enjoy the Scandinavian lifestyle with your family.

Sweden is the only country analysed where a single parent can comfortably afford to have two children, working out as 87% of the average working salary. A person’s monthly salary in Sweden is calculated as £2,163.71 ($2,800, €2,421).

The data is based on the average monthly cost of property, utility bills and grocery shopping for a family with two children.

Germany ranked second, according to researchers for the consumer cost comparison website, helped by low property and preschool costs.

It costs 52% of an average household’s income to bring a family up in the Black Forest region.

Australia a cheap place to live

Australia, already a popular expat destination, was found to cost 54% of a two-person take-home salary to emulate the lifestyle in popular suburban TV export Neighbours.

New Zealand and Canada are joint 4th, where 62% of a couple’s salary is spent on rent, bills, preschool and food.

Spain costs 76% of a two-person salary, pipping France where it costs 86%.

The household basics in the USA cost 90% of household income, despite the average salary per person being by far the highest paying of the 10 countries at £3,805.22.

The average monthly salary across 9 destinations without the USA is £2,103.

Ireland costs 101% of a family’s income and the UK was the most expensive at 103%, because of the high cost of housing, groceries and utilities.

 

 

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Companies

    Premier Miton appoints new NED and chair to succeed Robert Colthorpe

    Latest news

    UK government confirms pre-1997 indexation for PPF members

  • Europe

    Hoxton Wealth: Two overlooked measures in UK Budget that could impact expats

    Asia

    Why AES International is attracting the next generation of financial advisers  


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.