Santa Barbara, California, is the city with the highest cost of happiness in the United States, with its residents needing a salary of $162,721 to feel satisfied, a survey found.
Happiness is most affordable in Knoxville, Tennessee, where people say they need an income of just $88,032, or 85 percent less.
Searching with a currency provider S money claims to have found the optimal amount of money that citizens of the United States – and 173 countries around the world – need each year to be happy.
It found that Iran is the most expensive country to be happy in – with residents requiring a salary of $239,700 – while those living in Sierra Leone only need an income of $8,658 to get by. feel satisfied.
According to the survey, the United States as a whole has a price tag on happiness of $105,000, ranking it tenth in the world.
Santa Barbara, California, is the city with the highest cost of happiness in the United States, with its residents needing a salary of $162,721 to feel satisfied, according to a survey.
The cost of living in Santa Barbara (pictured) is 57% higher than the national average, making the price of achieving happiness higher.
Happiness in the United States is most affordable in Knoxville, Tennessee, where people say they need an income of just $88,032.
According to the Economic Research Institute, the cost of living in Santa Barbara is 57% higher than the national average, making the cost of happiness much higher in the California coastal city.
The second most expensive city in the United States to be optimistic is Honolulu, Hawaii, where residents need a salary of $148,943.
New York City ranks third with $145,028, San Francisco fourth with $144,448, and Seattle, Washington, in fifth place, where residents need $134,731 to be happy.
Meanwhile, Cincinnati, Ohio, follows Knoxville, Texas, as the second cheapest place in the United States to settle down. Residents need an income of $93,398 to be happy.
Memphis, Tennessee, follows in fourth place – where residents need $94,413 to be happy – followed closely by Salt Lake City, Utah, with $95,428.
Globally, Yemen follows Iran with the second highest price of happiness – at $172,140 – followed by Australia in third place with $121,191.
They say money can’t buy you happiness, but a fascinating new study from foreign exchange provider S Money disagrees.
The researchers calculated the results by consulting a Purdue University Study which analyzed the relationship between happiness and income.
This study recorded what is called the “life evaluation (LE) satiety point.” »
S Money said: “Life evaluation is a metric that measures how good an individual considers their life to be.
“The satiation point of LE refers to the point of income at which any further increase in income has no effect on an individual’s happiness.”
The findings come after the annual inflation rate in the United States climbed to 3.7 percent, with experts blaming soaring gas prices for the rise. It remains well below the peak of 9.1% reached last June, but remains above the 2% target set by the Federal Reserve.
America is faring better than most countries in its struggle to control soaring prices. In comparison, inflation is now 6.4 per cent in the UK and 6 per cent in Australia.