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by badpun
1378 days ago
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Not hugely so. Properties in top cities in Europe are probably as expensive as in top areas of US (NYC, SV). Rent is higher in US (that's because, if landlords charged SV/NYC rents in Europe, then the flats would just be empty, as the rent would be more than 100% of salaries of most people), but mortgage is comparable. Other typical cost of living expenses are somewhat higher in US (according to https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...). Salaries, on the other hand, are massively higher in US than in Europe. |
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You get higher wages in the US, but you also have to pay more in the US. Healthcare (or saving money for when you need healthcare), schools, having to drive everywhere, etc.
In most of western Europe you don't actually need that high salary. There are no crazy medical bills, your children can go to school for free, you don't have to spend a couple of bucks for gas for every errand.
Also i think your comparison is a bit skewed because afaik Paris and New-York are famously expensive. I think using this comparison is more realistic: https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...