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How much income makes a person happy? Find out...

Last updated on: December 3, 2012 10:19 IST

How much income makes a person happy? Find out...

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A recent study of more than 5,000 consumers across four continents has revealed the amount of net annual income needed for people to feel happy is an imposing $161,810 - 15 times the global average for an individual's income. Overall, some 80 per cent of individuals believe that earning this amount each year would make them feel really happy.

This is according to the findings of the Wealth Sentiment Survey, a study commissioned by the international investment company Skandia International, part of Old Mutual Wealth.

Let's take a look at how much income a person needs to feel happy.

Source: skandiainternational.com

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Image: A view of the downtown area in Los Angeles.
Photographs: Mario Anzuoni/Reuters

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Dubai

Income needed to be happy: $276,150

Global rank: 1

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Image: A view of Burj Khalifa from Al Qasr hotel in the Old Town, Dubai.
Photographs: Jumana El-Heloueh/Reuters

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Singapore

Income needed to be happy: $227,563

Global rank: 2

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Image: The Marina Bay Sands hotel and ArtScience Museum in Singapore.
Photographs: Matthew Lee/Reuters

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Hong Kong

Income needed to be happy: $197,702

Global rank: 3

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Image: A view of Hong Kong.
Photographs: Bobby Yip/Reuters

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Mexico

Income needed to be happy: $185,163

Global rank: 4

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Image: Hot air balloons fly over the Metropolitano park in Leon in the Mexican state of Guanajuato.
Photographs: Stringer/Reuters

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Italy

Income needed to be happy: $175,825

Global rank: 5

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Image: Duomo cathedral in Milan.
Photographs: Stefano Rellandini/Reuters

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Peru

Income needed to be happy: $157,455

Global rank: 6

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Image: Tourists take pictures of the San Francisco Monastery at Lima's downtown.
Photographs: Enrique Castro-Mendivil/Reuters

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Brazil

Income needed to be happy: $143,650

Global rank: 7

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Image: Brazilian National Congress in Brasilia.
Photographs: Ricardo Moraes/Reuters

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Colombia

Income needed to be happy: $141,776

Global rank: 8

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Image: A couple chat as they drink coffee at Juan Valdes cafe in Bogota.
Photographs: Fredy Builes/Reuters

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The United Kingdom

Income needed to be happy: $133,010

Global rank: 9

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Image: Traffic on the road and the Thames passes the Houses of Parliament in London.
Photographs: Suzanne Plunkett/Reuters

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Chile

Income needed to be happy: $128,675

Global rank: 10

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Image: A view of Santiago City.
Photographs: Victor Ruiz Caballero/Reuters

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France

Income needed to be happy: $114,344

Global rank: 11

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Image: People enjoy the sun as Paris Beach opens along banks of the River Seine.
Photographs: Charles Platiau/Reuters

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Austria

Income needed to be happy: $104,477

Global rank: 12

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Image: A view of Vienna International Center and UN headquarters in Vienna.
Photographs: Herwig Prammer/Reuters

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Germany

Income needed to be happy: $85,781

Global rank: 13


Image: People are reflected in a shop window as they walk in Potsdamer Street in Berlin.
Photographs: Thomas Peter/Reuters

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