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​Average Salary People Need To Earn To Be Happy In UK Cities

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​Average Salary People Need To Earn To Be Happy In UK Cities

New research has revealed the average salary that people need to earn to be happiest in the UK, having compared locals' income and well-being in some of the nation's top cities.

Savings company Raisin recently looked at data from the Office for National Statistics (ONS), analysing personal well-being reports and more to see 'where money can buy you happiness'.

Winchester came out on top as the happiest city in the UK, with an average salary of a not-too-shabby £35,346.

Meanwhile, the average salary of the top 10 cities overall was £33,864, indicating there's a link between this figure and some degree of general happiness.

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Winchester. Credit: Alamy
Winchester. Credit: Alamy

Raisin explained: "Cambridge, St Albans, Chelmsford, Perth, Edinburgh, Derby and Bath all made the top 10 list based on cities where money does buy happiness in the UK. Based on these results, the average happiness score of the top 10 happiest places was 23.6, with an average life expectancy of 82.2 years!

"The average salary of the top 10 cities, which are the happiest according to our data, is £33,864, suggesting that people in the UK are happiest if they are earning over £30k."

Explaining the method behind the research, Raisin said in its report: "Being filthy rich doesn't always mean that you'll be a happy person, or does it? More money affords you more opportunities and having a decent savings pot can alleviate some of the stress of day-to-day life, but to what extent does money affect our happiness?

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Credit: Raisin
Credit: Raisin

"We carried out research into whether money really can buy you happiness, analysing data from Office for National Statistics (ONS) personal well-being reports and the Happy Planet Index to reveal the cities in the UK where money can buy you happiness.

"We then used GDP data to calculate the number of millionaires and billionaires in some of the largest countries around the world and compared this to data from the World Happiness Index to reveal which country is the happiest vs the amount of wealth that country has."

Kevin Mountford, Co-Founder of Raisin UK, said: "While our research suggests money can help ease the stresses of daily life, leading to a longer life expectancy and subsequently allowing you to buy happiness, it's not always the case in real life. Our research can help you decide which city across the UK and country in the world to live in to maximise your chances of being the happiest you possibly can, but it's up to you to make your own happiness."

Featured Image Credit: Alamy

Topics: UK News, News, Money

Jess Hardiman
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