In France, a well-lived life is often associated with enjoying good food, a pleasant climate, and beautiful scenery. But what does it cost to be considered wealthy?
According to L'Observatoire des Inégalités, wealth in France is relative to income. Half of full-time private sector employees earn less than $2,295 (€2,092) monthly after tax, with a quarter making under $1,832 (€1,670), and nearly a quarter earning more than $3,291 (€3,000). To be in the top 10% of earners, one must make $4,575 (€4,170) a month, while the top 1% earn over $11,000 (€10,000).
Being considered wealthy typically means earning double the national average, around $4,256 (€3,880) per month. Other factors of wealth include living in spacious accommodations (60 sq. meters or more), owning luxury goods, and having job security. Additionally, research suggests that money brings happiness up to about $2,300 (€2,100) a month, but after that, additional wealth does not significantly increase happiness.
Other articles
What the French Tax System Actually Does — and Doesn’t — Cost You
A reassuring read for the fiscally anxious The French tax system has a reputation for complexity that is, frankly, not
What Does a Paris Apartment Actually Cost?
Beyond the listing price: a complete and honest accounting The listing price is the number that makes you fall in
Can You Rent Your Paris Pied-à-Terre When You’re Away?
The honest answer — and how it actually works in practice The short answer is yes. The longer answer involves
