" According to the survey, Singapore is 11 percent more expensive than New York for…
If you’re thinking about moving abroad but don’t want to take any chances, you should put Singapore at the top of your destination-shortlist, suggests a new survey.
For the second year in a row, Singapore has been named the best destination for expats in HSBC’s Expat Explorer survey, which aims to shed light on the countries that offer the best career opportunities and quality of life for foreigners looking to move abroad.
The city-state is particularly promising for professionals looking to advance their career and add more income to their pocketbooks, as 62 percent of expats living in Singapore agreed it’s a good place to climb the corporate ladder.
The same proportion — about three in five — said they saw their earnings rise after moving to Singapore.
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While the average income among expats globally is $97,000 USD, expats in Singapore average $139,000.
What’s more, nearly a quarter (23 percent) earn more than $200,000 USD.
Likewise, expats living in Singapore are particularly happy with the quality of education as three-quarters deemed it better than the education system back home — the highest proportion in the world.
And 66 percent said that their quality of life improved after moving to Singapore compared to their lives at home, compared to the global average of 52 percent.
New Zealand has been named the second best country for expats to live and work. (Shutterstock)
Rounding out the top five spots on the list is New Zealand, Canada, Czech Republic and Switzerland.
Overall, the top 10 list is dominated by countries in Europe. The US is ranked 30th.
While Singapore took the overall title, other countries were singled out for topping specific categories.
Sweden is known for its childcare system. (Shutterstock)
When it comes to family life consider Sweden, where three-quarters of respondents rated their children’s quality of life and education better than their lives back home. Respondents also praised the country’s childcare system.
Meanwhile, other reports published this year have ranked the best countries for expats looking for love (Ecuador), retirement (Panama), and quality of living (Vienna).
Here are the best countries for expats in the ninth edition of the HSBC Expat Explorer survey: