The US News and World Report ranked Canada as the best country to live in for the fifth year in a row in 2020. The rankings, formed in partnership with BAV Group and the Wharton School of UPenn are based on a survey of 20,000 global citizens. Canada ranked number one overall for being politically stable, number two for having a good job market, and number four for having a well-developed public education system.

In the OECD Better Life Index, Canada performs very well on measures of well-being relative to most other countries. It ranks above the average in housing, subjective well-being, personal security, health status, social connections, environmental quality, jobs and earnings, work-life balance, education and skills, civic engagement, income and wealth. The average household disposable income per capita is $30,854 a year.

In terms of employment, about 73 per cent of people aged 15 to 64 have a paid job. Life expectancy at birth is 82 years, two years higher than the OECD average of 80 years. Life expectancy for women is 84 years compared with 80 for men.

In general, Canadians are more satisfied with their lives than the OECD average. When asked to rate their general satisfaction with life on a scale from 0 to 10, Canadians gave it a 7.4 grade on average, higher than the OECD average of 6.5.