A good night's sleep makes us happier than a 50 percent pay raise

Between Sleeping Beauty and Scrooge McDuck, guess which one is happier. The one who got her beauty rest!

Apparently a good night's sleep makes us happier than a 50 percent pay raise. 

Getting decent rest was found to be the strongest indicator of well-being, followed by our satisfaction between the sheets in another way, job security and a sense of community. 

That's according to the Living Well Index, created by top researchers at Oxford Economics and the National Centre for Social Research. 

RELATED: Tips for a better night's sleep

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Sleep Tips

Lavender 

The scent of lavender is known to be very relaxing and can help you get to sleep at night. 

(photo credit: Shutterstock)

Shut off the screens

Avoid being on your computer, phone or e-reader before going to sleep. Studies have shown the use of these items before bed can decrease the quality of your sleep.

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Melatonin supplements 

Taking sleeping pills sounds scary to many people, but melatonin supplements are like a sleep vitamin, giving you a little extra of the naturally produced hormone. 

(photo credit: Ekspansio)

Stick to a schedule

Going to sleep and waking at the same time every day helps your natural sleep/wake cycle. You sleep much better when you go to bed when actually drowsy and wake naturally at the same time each day. 

(photo credit: FogStock/Alin Dragulin)

Exercise 

Regular exercise, even as little as 20 mins a day can help you sleep better at night. 

(photo credit: John Fedele)

Skip the afternoon nap

Taking a nap during the day can exasperate insomnia for many people. 

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Over 8,200 Brits were asked questions related to nearly 20 topics from finances and relationships to health and environment. 

People were then given a wellness score out of 100. The average person has a score of only 62.2. 

Sleep quality added 3.8 points alone. A 50 percent pay raise accounted for a measly .5 point increase in the overall wellness score.

So there you have it. Disposable income didn't matter as much as getting a good night's sleep.

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