Switzerland, Denmark and Germany are the countries said to offer the best standard of living in Europe, according to in-depth research by Glassdoor Economic Research.

The analysis looked at how wages differ across Europe and compared it with living costs and other factors to determine where the standard of living is most and least favourable.

The report from Glassdoor Economic Research, conducted by Llewellyn Consulting, aims to create a better understanding about how earnings and cost of living affect individuals’ well-being in different countries. Ultimately, Glassdoor’s mission is to help people find a job in a company they like, and via this report, in a country that most suits them too.

Based on PPP, short for Purchasing Power Parity, different European countries have been objectively compared in terms of the real value of the salary one makes. A calculation of the adjusted average wage for purchasing power in the main European cities was also used.

Source: Llewellyn Consulting based on OECD and Numbeo data

Source: Llewellyn Consulting based on OECD and Numbeo data

Where should you live to stretch your money the furthest?

Top scoring countries:

  1. Switzerland
  2. Denmark
  3. Germany
  4. Sweden
  5. The Netherlands

Lowest scoring countries:

  1. Estonia
  2. Greece
  3. Portugal
  4. Italy
  5. Spain

Although the report looks at 17 European countries only, Glassdoor also included a measure for the United States for comparative purposes. If the U.S. would have been included, it would have made fourth place, in between Germany and Sweden.

According to Glassdoor, there’s a “significant appetite for more transparency around wages and salaries on behalf of employees and there are legislative moves to increase pay transparency, particularly between genders.” By providing transparency, Glassdoor aims to increase the moral understanding about wages to help stimulate fair pay.

Read the full research on: Glassdoor