A NEW study by has revealed Oxford is among the happiest cities in the UK – but it comes at a price.

Financial services company Raisin analysed data from the Office for National Statistics (ONS) personal wellbeing reports and the Happy Planet Index to find the cities where money can buy you happiness, and how much that happiness costs.

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Oxford was in the top 20 at 17, with an overall 'happiness score' of 23, helped by a life expectancy of 82.3 years.

The average salary for people living and working in the city, or in this case the cost of happiness, is £28,983, a little lower than the UK average.

Oxford Mail: