The countries in the north of the Americas are most often considered by the Latino community when looking for a place to migrate. The United States and Canada are two strong economies and destinations for millions of foreigners looking for a better quality of life.
It is likely that people plan to settle in either country. Therefore, it is important to know the general pros and cons of each individual country. Although they are two nations that are geographically and diplomatically close, there are differences.
In the United States, the median household income is $45,000 per year, higher than the household income in Canada. In addition, the Land of Stars and Stripes ranks highly on quality of life indices, particularly on items such as income, wealth, employment and rewards, health status, education and skills, and personal security.
However, the United States lags behind Canada in average work-life balance.
In the employment sector in the United States, figures show that 70% of people aged 15–64 have a paid job, a percentage higher than the OECD average, which is estimated at 68%.
However, due to the economic crisis that the world is going through at the moment, there has been an increase in the unemployment rate. According to Statista, that rate was 6.1% in April, but it rose to 13% in May.
In the case of Canada, 73% of residents aged 15–64 have a job. Additionally, this country is notable for having constant open job postings for the immigrant community.
According to official Canadian data, the unemployment rate was 8.2% in May, which is currently lower than in the United States.
Cost of living
According to Expatistan, the expert portal for cost-of-living measurements, the monthly cost in Canada for an average family is US$4,290, while for an individual it is US$2,200. In addition, he points out that living in Canada is more expensive than in 73% of the countries in the world.
In the United States, the monthly expenses for an average family are $4,500 and $2,500 for a single woman. This country has a higher cost of living than 76% of the countries in the world.
Both countries have a well-structured education system with a variety of career fields and degree-development institutions, some of which are considered the best schools and universities in the world.
The PISA tests found that the average student in the United States scored 488 and the average Canadian student scored 523.
As of this writing, both countries have the necessary skills to prepare students to enter the elite of the labor market.
This is a very important point to consider when choosing a new place to live. The Canadian health care system is funded by public and private insurance; it operates with funding from public funds.
Where a resident has the opportunity to apply for free insurance, they are well secured in various branches of care.
“In 2013, nearly 18% of adults in the United States did not have access to health care due to high insurance costs. You should know that there is no universal healthcare on North American territory,” he says.