10 PHOTOS Countries with best quality of life 2015 See Gallery OECD names country with the best quality of life 10. Denmark Seen here: Copenhagen (Photo credit: Getty) 9. New Zealand Shown here: Queenstown, New Zealand (Photo credit: Getty) 8. Netherlands Shown here: Amsterdam (Photo credit: Getty) 7. Sweden Shown here: Gothenburg (Photo credit: Getty) 6. Canada Shown here: Vancouver (Photo credit: Getty) 5. USA Shown here: New York City (Photo credit: Getty) 4. Australia Shown here: Sydney Harbour (Photo credit: Getty) 3. Switzerland Shown here: Zurich (Photo credit: Getty) 2. Iceland Shown here: Reykjavik (Photo credit: Getty) 1. Norway Shown here: Oslo (Photo credit: Getty) Up Next See Gallery Discover More Like This HIDE CAPTION SHOW CAPTION of SEE ALL BACK TO SLIDE

5 PHOTOS World's Happiest Countries See Gallery OECD names country with the best quality of life 5. Canada (Photo via Getty Images) 4. Iceland (Photo via Getty Images) 3. Denmark (Photo via Getty Images) 2. Norway (Photo via Getty Images) 1. Switzerland (Photo by Jorg Greuel via Getty Images) Up Next See Gallery Discover More Like This HIDE CAPTION SHOW CAPTION of SEE ALL BACK TO SLIDE

The Organization for Economic Cooperation and Development (OECD) has released its 2015 list of countries based on their Better Life Index -- which looks into aspects from housing, income, education, civic engagement, health, to work-life balance.The US has jumped two spots this year to No. 5. Australia, which was previously a top contender, fell to No. 4 on the list Researchers explain that this index of well being incorporates more than just economic numbers, but rather "allows you to compare well-being across countries, based on 11 topics the OECD has identified as essential, in the areas of material living conditions and quality of life." The chart is expansive, covering multiple indicators within the 11 topics.10. Denmark: With 5 weeks paid vacation per year9. New Zealand: Breathe happy8. Netherlands: One of the highest literacy rates in the world.7. Sweden: Tons of citizen engagement6. Canada: Excellent housing standards5. USA: Housing, income, and wealth4. Australia: Strong sense of community3. Switzerland: One of the world's lowest unemployment rates2. Iceland: Cleanest tap water on earth1. Norway: People are living their best life here...for an average of 82 years.