Personal Finance

The nations where you can work less and make more money than the UK

The nations where you can work less and make more money than the UK
In thirteen different countries, British citizens could receive the average UK wage up to fifteen weeks sooner

Where else could you work less and make more?

A recent study by remittance facilitator Remitly reveals that the average Brit could make more than the UK does per hour in at least thirteen different countries.

Workers in these nations can typically earn the median UK wage up to 15 weeks faster than those in Britain. While some places have extremely high living expenses, others have much lower costs.

Millionaires are leaving the UK to live in nations with lower tax rates, according to the analysis, but those with salaries more in line with the average could still gain from moving.

We examine where you could be paid more for the hours you work and how the cost of living compares, given that the average Brit makes approximately 45,688 per year and works an average of 1,524 hours to earn this, according to the OECD's mean salary data.

Where can British workers make more money per hour?

According to the analysis, the average Luxembourger could work 480 fewer hours annually to make the average salary in the UK. That is the same as seven and a half hours over 64 working days.

Nonetheless, Numbeo data indicates that the cost of living in Luxembourg is about 14% greater than in the UK. This implies that even though you will put in 64 fewer days of work for your money, it won't go as far as it would in the UK.

In addition, Nordic workers will have to put in fewer hours than their British counterparts in order to earn the average UK salary.

It only takes an average Icelander 125 days of work to earn the same annual salary as a UK resident. In Sweden (190 days), Norway (151 days), and Denmark (153 days), it is comparable.

However, living expenses in these nations are significantly higher than in the UK, as is the case with Luxembourg. According to Numbeo, Iceland's cost of living is 41.5 percent higher than that of Britain, 21.2 percent lower than that of Sweden, 21 percent higher than that of Norway, and 130.6 percent higher than that of Denmark.

Working fewer days and enjoying a lower cost of living are both possible in other countries.

The average German could work 46 fewer days per year to earn the same as a Brit, and living expenses are about 1% lower in Germany than in the UK.

The same is true for Australians, who could work fewer than three weeks to make the same amount of money as British people, despite having about 0.4 percent lower living expenses.

The following table lists the top ten nations where you can make more money for working fewer hours than you would in the UK.

Remitly, Numbeo is the source.