The Economist Intelligence Unit (The EIU) which is the research and analysis division of The Economist Group and the sister company to The Economist newspaper recently published their updated study on the cities where you’d want to live. For 2018 The Liveability Survey details the ratings of 140 cities around the world by ranking each city on over 30 qualitative and quantitative factors.
According to The EIU, “Every city is assigned a rating of relative comfort for over 30 qualitative and quantitative factors across five broad categories: stability, healthcare, culture and environment, education, and infrastructure. Each factor in a city is rated as acceptable, tolerable, uncomfortable, undesirable or intolerable. ” And the results are quite interesting.
The EIU focus on different criteria than the recently published Quality of Nationality Index but it makes a good companion. Increasingly these days top talent is mobile and can choose where they want to live. Where you call home is an important factor in determining a person’s happiness and financial future.
For the first time ever Vienna, Austria’s capital, has taken the number one spot. With a rating of 99.1% it offers a near perfect environment to live. Also of note, two Japanese cities have cracked the Top 10, Osaka and Tokyo. This is quite a feat for Tokyo which is the largest city in the Top 10 by far.
Canadian cities beat out their US counterparts as Calgary, Vancouver and Toronto make the Top 10 while no US city does. And Australia also fares quite well with Melbourne ranked number two, as well as Sydney and Adelaide all making the Top 10. It’s interesting to note no other Asian cities make the grade.
The Liveability Survey does a good job of laying out where you should live if you want a safe, clean and economically prosperous city. The big learning for us is that Asian cities need to up their game.