VDo you want to move to another European country? Stop for a moment to look at the liveability index developed by N26, Europe’s leading digital bank. Unlike other rankings, here the lion’s share is the cost of living, and therefore everyone’s spending capacity, in relation to salary increases (where they exist). It is therefore not surprising that Italy, with very high rent costs and salaries that have been stuck for a lifetime, is second to last, just one step higher than the United Kingdom. The winner instead is the undisputed Denmark.
According to the N26 liveability index, Italy is the second worst country to live in Europe. The very high rental costs weigh heavily.
The N26 study compares 12 European countries, chosen among the most attractive ones for a possible transfer. We must therefore ask ourselves, before leaving: how will I stay there, will I be able to not have my salary swallowed up by fixed expenses? As far as Italy is concerned, the answer is no. For example, Among the 12 countries, ours is the one where people spend the most on rent: 52% of their salary goes to accommodation alone every month. Belgium, on the other hand, is the one with the most accessible costs.
Austria is the country with the cheapest electricity bill, while the most expensive is the Greek one. Among the other parameters there is that of salaries, considering the OECD data 2018-2022: well, in this trend Belgium and Spain dominate. Furthermore, the population density was taken into account (obviously Sweden is in first place), and thehappiness index as reported by the World Happiness Report, which sees Denmark triumph followed by the Netherlands, Sweden and Switzerland.
In the final score, the ranking then sees gold medal for Denmark (38.5 points), followed by Switzerland and Belgium. Italy scrapes together a paltry 20.4 points, like the Netherlands. Black jersey for the United Kingdom with 19.7 points.
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