Are you a single woman considering moving abroad? Whether it’s due to high inflation in the United States, ongoing economic hardship due to COVID-19, or just the prospect of an adventure in a foreign country, you might want to hop somewhere new. Or maybe you’re wondering if the United States is the best place to live as a single person.
You wouldn’t be alone if you decamped abroad. The US State Department estimates that approximately nine million American citizens – men and women – live abroad. Once you have made the decision to leave the United States, your next step is to choose a country. (These are the countries with the most American expatriates.)
Each country has its own visa and immigration requirements, so you will have to overcome some bureaucratic hurdles no matter which destination you choose. After that, you will need to consider other factors such as rent, cost of living, and personal safety.
To determine the best and worst countries for single women, 24/7 Tempo reviewed the Single Women Liveability Index published by ComparetheMarket, an Australia-based comparison site for travel, insurance and other services. The site has compiled data for the 35 countries of the Organization for Economic Co-operation and Development using eight metrics, including average monthly rent and non-rental cost of living, average salary, security and happiness, among others.
The rent and the cost of living as well as the security index come from Numbeo; the salary came from figures compiled by the OECD; the happiness score was for 2021 when available and otherwise was an average of the scores from 2018 to 2020, and was taken from the world happiness report. Numbeo data was current to February and March 2022. Exchange rates were calculated using XE.
If you only look at rents, Switzerland is the most expensive place to live with an average of $2,060 per month. (The United States is a relative bargain at $1,637.) Fortunately, the average annual salary in this European paradise is nearly $95,000. (These are the best rich countries for working women.)
All livability ingredients weighed, the top country for single women is Denmark, with a livability score of 6.8/10. Rent there averages $1,322 a month, but offsetting factors include one of the highest safety scores (73.5/100) and a happiness score of 7.52. /10.
Renters in Mexico, Latvia, Greece and Hungary can expect to pay less than $500 per month. But Mexico – the least hospitable country for single women by this assessment – has a low safety score of 46.27/100 and an overall livability score of just 3/10.
Click here to see the best and worst countries for working women
Where is the United States? It comes in towards the middle of the pack at No. 12, with a livability score for single women of 5.52/10 and a safety rating of nearly 52/100.
Sponsored: Tips for Investing
A Financial Advisor can help you understand the pros and cons of investment properties. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool connects you with up to three financial advisors who serve your area, and you can interview your advisors at no cost to decide which one is best for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, which helps you maximize your profits.