In fact, the price of happiness in Australia is a huge $176,500 a year, according to financial education website Expensivity. It analysed existing research on the cost of happiness around the world from Purdue University, before adding in the cost of living in each country.
Dr Morris says that while, on average, Australians who earn $74,000 or more are happier than those who don't, there are still happy people who earn less, and people who earn more but are unhappy.
One study said happiness peaked at $75,000 in income.
Eight in 10 (80%) Australians are describing themselves as happy, however this is a fall from 85% in December 2021, according to Ipsos's latest Global Happiness survey. On average globally, nearly three in four (73%) adults across 32 countries describe themselves as happy.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
The 2023 World Happiness Index has just been released, and this year, Australia came out on (sort of) top.
If you make $75,000 per year, your hourly salary would be $36.06.
According to a study published in the Social Indicators Research journal, we're the happiest between the ages of 30-34, and midlife (our 40s and 50s) is not perceived as the least happy period in life.
The most unhappy time of your life is your forties, according to a phenomenon known as the “u-shaped” curve which states that happiness bottoms out around your forties then trends back up as you grow older.
Americans agree that mid-30s are best years of life - Study Finds.
Want to be a happier parent? Grow your family to at least four children! According to a study out of Australia's Edith Cowan University, parents with the most life satisfaction (which means those who are the happiest) are those that have four or more children. Dr.
After analyzing hundreds of thousands of employee-generated reviews, CareerBliss found that QA analyst was ranked #2 on their list of happiest jobs.
Annual / Monthly / Weekly / Hourly Converter
If you make $35 per hour, your Yearly salary would be $69,160.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
If you make $70,000 a year living in Australia, you will be taxed $14,617. That means that your net pay will be $55,383 per year, or $4,615 per month.
Survey finds Canberra to be the happiest city in Australia.
Income, location and social network are just some of the factors that contribute to our quality of life in Australia, and indeed help Australians live a happy life.
Having a role in the emergency services was ranked as the toughest job as voted by the general public, closely followed by soldiers, health workers, social workers and educators. Parents ranked in the top 10, while pilots, factory workers and musicians also featured in the top 20 toughest jobs in Australia.
The jobs most likely to pay more than $200,000 per year are in the medical industry and financial services. A CEO of a private company is likely to earn above $200,000 and does not require a university degree.
In a study conducted by Dr Bronwyn Harman from the Edith Cowan University in Perth, it was found that parents with four or more children are the happiest parents.