New study reveals top European countries to beat cost of living burden for singles
Living alone often means much higher costs. A new study identifies the best places for singles considering to relocate with the aim of increasing their purchasing power.
READ MORE : http://www.euronews.com/2025/03/04/new-study-reveals-top-european-countries-to-beat-cost-of-living-burden-for-singles
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Living alone often means much higher costs. A new study identifies the best places for singles considering to relocate with the aim of increasing their purchasing power.
READ MORE : http://www.euronews.com/2025/03/04/new-study-reveals-top-european-countries-to-beat-cost-of-living-burden-for-singles
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00Do you live alone? Here are the best countries to beat the singles tax.
00:10Single people living alone face higher costs of living,
00:14a financial burden that's also known as singles tax.
00:18Swedish credit comparison agency Credwise developed an index
00:23that takes into account annual net earnings and local cost of living
00:28to establish which countries offer single people the best purchasing power.
00:35Switzerland is in the top spot. It has one of the highest cost of living in Europe
00:40but also the best net salaries on average over 85,000 euros
00:47that would allow a single person to save up to 34,000 euros annually.
00:53Countries like the Netherlands and Germany ranked high despite lower average earnings
01:00thanks to a great balance between income and cost of living.
01:04Nordic countries also performed well with Iceland fifth and Norway seventh.
01:11Single adult households account for approximately 80 million in the EU,
01:17just over half of the total.
01:20In the past decade the rate of households with single adults without children
01:25rose by 21 percent, the fastest growing in the EU.