Canadian apology
Canada Day on the Coast. Photo via Instagram @mattyrobphotography

Canada has been ranked the fourth best country in the world for young people to live and work in.

A study titled ‘The Working Millennial Index‘ measured the unemployment rate, average salary, likelihood of success for start-ups, the cost of rent, and the accessibility of entertainment across several continents.

See also: Victoria is now the 5th most expensive place to live in Canada (REPORT)

“Using these categories, we established an overall Working Millennial Index score by scoring each country out of 5 across the elements and totalling this together, allowing for a highest available total score of 30,” reads the report.

“Average Salary was first assigned a ranking which was then scored out of 5, in order to balance out the differences in currencies.”

Canada was the highest-ranked country in the Americas, with the United States coming in at number 9, and Mexico at 15.

Overall, the best country in the world for young people to live and work in is Germany, followed by New Zealand, Australia, Canada, and Sweden.

See also: Victoria ranked one of the top 10 cities for commuters in the world (REPORT)

Young workers in Germany can expect an average monthly salary of over CA$3,000, and an average monthly rent of just over CA$1,000.

In comparison, Canada clocked in at roughly the same average salary, but with a slightly more expensive single-bedroom rent of CA$1,200 on average.

Top 10 best countries for young people to live and work in:

  • Germany
  • New Zealand
  • Australia
  • Canada
  • Sweden
  • Thailand
  • Hungary
  • Netherlands
  • United States of America
  • United Kingdom