7. Austria
Numbeo Standard of Living Index: 190.37
Numbeo Ranking: 1
OECD Better Life Index Ranking: 17
Insider Monkey Score: 9
Austria, like most nations on the list of 11 countries with the highest standard of living in the world in 2017, has laid great emphasis on education and nearly 90 percent of the men in the country have completed high school. Even the water quality in the country is top notch, with 93 percent of the population stating that the water quality was up to their standards.