Home /  Emigration News /  Australia has an excellent standard of living. Here are the facts….

Australia has an excellent standard of living. Here are the facts….

by | Feb 13, 2024

Are you planning to move and work in Australia? Just like moving anywhere else around the world, the first thing that you need to find out is the quality of life in your chosen location. Australia is a member country of the OECD (Organisation for Economic Cooperation and Development) that promotes policies designed to help improve the social and economic well-being of people around the globe. This should give you an idea of the kind of life Australia offers it constituents – both local and foreign. And based on the OECD’s Better Life Index, Australia is ranked among the top countries. The Better Life Index looks at social security, healthcare, schooling, and other factors that directly affect people’s daily lives. It also takes into account the amount of leisure time people have and the taxes they pay.   Australia offers a quality of life that excels or is above average of other countries’ OECD.

Australia standard of living: Income

The annual average household net adjusted disposable income per capita across the OECD is USD 29,016. In 2015, Australia’s average wage is at USD 48,252, which is nearly twice as much. Considering that the household net adjusted disposable income is the amount of money left each year after taxes and transfers, people working and living in Australia definitely have it easy.

Australia standard of living: Jobs and Work Hours

The OECD employment average (total number of the workforce employed) is at 65%. In Australia, over 72% of individuals, ranging from age 15 to 64, enjoy a paid job, which is well above the OECD average. On top of this, people in Australia only work 1,728 hours a year, which is 37 hours less than most people in the OECD.

Australia standard of living: Life expectancy

In other OECD countries, the life expectancy average is at 80 years of age. In Australia, you get two more years to enjoy life from birth. Why would you want to live anywhere else? Longer life expectancy may have something to do with the air and water quality in the country too. Air quality is higher than the average OECD country because the level of atmospheric PM10, or the amount of air pollutant particles that are tiny enough to enter the lungs is 7 micrograms per cubic metre lower than the OECD average of 20.1. Water quality is also higher, with 93% of Australians stating that they are satisfied with the water quality in the country. Life satisfaction and Community is also higher at 83% and 93%, respectively, compared to the OECD average of 76% and 89%. With these figures, it’s easy to see why Australia’s quality of life is the biggest lure for foreign nationals planning to relocate.

Related Articles:

The Australian Healthcare System

Family Friendly Places To Live in Sydney

How much money do you need to move to Australia

If you’re planning a move to Australia, speak to a Registered Migration Agent at enquiries@my-oe.com. To discover an unbiased, professional and completely honest opinion of your likelihood of success in migrating to Australia, head to our Free Australian Visa Assessment Today!

What next? Take the next step ...

Call us on: +44 (0) 131 625 6900,
or complete one of our Free Assessment forms ...

What Our Clients Say

We have all settled in well in Oz. We have now been here a year and loving it. Thanks.
– Simon & Gillian Vamplew, Australia