• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Vienna, Austria

Austria’s capital held the number-one position in both 2018 and 2019, but slipped 12 slots during the pandemic. Blame COVID-19 for shutting off arts and culture options, though museums and cultural attractions, freshly reopened, have fueled a comeback. Here, the city’s denizens practice lebenskunst — the art of living well — like no other place on Earth.

Don’t forget the necessities, though. Aside from its entertainment riches, Vienna boasts fabulous health care — with free access thanks to taxes. The city offers many mental health supports as well.

Vienna is clean, energy efficient and boasts many walking and biking paths. Rentals aren’t necessarily cheap, but price protections keep occupants from getting gouged. So file under “wow”: The EIU gives Vienna perfect scores for stability, healthcare, education and infrastructure. What U.S. city can top that — or even come close?

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Get Started

Copenhagen, Denmark

Denmark’s political capital (notice a pattern here?) and CNN Travel’s “Capital of Cool,” Copenhagen has undergone tremendous transformation since the 1980s. After unemployment peaked at an astounding 17.5%, that metric has shrunk to just 4.8%, as of 2021.

Infrastructure investments have moved more than 40% of residents to bike or walk to work. Don’t worry about snowfall, either: Copenhagen is zealous about keeping its bike lanes clear from the first sign of the white stuff.

Copenhagen also maintains a strong future focus. Affordable living comes with a commitment to clean energy. Social welfare means the city has clinics to treat mental health disorders. In this city, government-supported common-welfare efforts clearly work.

Zurich, Switzerland

Tied for third, Zurich offers quality health care, along with low crime rates and a wealth of health and leisure activities.

Speaking of wealth, Zurich is a global center for banking and finance. No wonder the average salary there is at about $108,000, roughly double the U.S. figure.

That lucre does come at a literal price: Zurich is also one of the most expensive places to live in Europe. The trick is finding a balance, easily tipped in the right direction by the city’s sheer beauty. It nestles the Limmat River and streets in the Old Town section date to the pre-medieval era.

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Get Started

Calgary, Alberta

One of two Canadian cities to crack the top five (Toronto also came in eighth), Calgary’s Global Liveability Index places it in a tie for third. As with Vienna, the lifting of pandemic restrictions led to revitalization and growth among the city’s shops, museums and restaurants.

The Canadian health care system also puts it on par with other elite cites. Add in the low average cost of a home (CAD$506,900), and you’ve got one powerful combination; Vancouver, B.C., also a top five city, will cost you more than double at CAD$1.4 million.

Great jobs are abundant, too, as Vancouver is a driver of Canadian job growth, accounting for 41% in 2022. Culture? Yes — and some of Canada’s biggest national parks are just a short drive away.

Vancouver, British Columbia

The EIU's most liveable city from 2002 to 2010, Vancouver has remained a mainstay on the list. Less than three hours by car from Seattle, it presents an attractive option for Americans overcome by that area’s sprawl, gentrification and soaring real estate prices.

Here, infrastructure and health care once again make for a superior one-two. Environmentally friendly initiatives, inclusivity and accessibility also define its urban values.

Similar to Calgary and other Canadian cities, Vancouver offers great schools and parks; stimulating nightlife; killer dining; and close proximity to many national parks. Still, you’ll pay through the nose for a home here, a downside considering that residents make an annual average of just CAD$54,000.

But think of what you’ll save on a car. Who needs one when you have access to a great transit system, along with plentiful bike lanes and rentals? Vancouver is also one of the most diverse cities in the country.

More: 3 countires where living costs less than it does in America


Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Amy Legate-Wolfe

Amy Legate-Wolfe

Freelance contributor

Amy Legate-Wolfe is an experienced personal finance writer and journalist. She has a Bachelor of Arts in History from the University of Toronto, a Freelance Writing Certificate in Journalism from the University of Toronto Schools, and a Master of Arts in Journalism from Western University. Amy has worked for Huffington Post, CTVNews.ca, CBC, Motley Fool Canada, and Financial Post. She is skilled at analyzing trends and creating content for digital and print platforms. In her free time, Amy enjoys reading and watching British dramas on BritBox. She is a mother and dog-mom to a Wheaten Terrier.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.