Here’s the Cost To Live in the 5 European Cities Where Millionaires Are Moving To

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According toKnight Franks European Lifestyle Report, there are a number of reasons why Europe is attractinghigh-net-worthindividuals.

Those reasons include cultural richness, high quality of life and diverse lifestyle options.

When you think of European cities that attract millionaires, London might be top of mind.

But according to the report, London didnt even make the top five.

So which cities made the list?Heres a look at the winners.

As for cost of living in Paris, it can be among themore expensive citiesin France.

According to Numbeo, a family of four would have estimated monthly costs of $4,319 without rent.

For a single person, it would be $1,218.

However, you may be surprised by how much more affordable Paris is compared to New York City.

When you include rent, its about 66% higher.

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Next on the list of European cities where millionaires are moving to is Berlin.

Here, a family of fours estimated monthly costs without rent are $3,754.

For a single person, it would be $1,113 without rent.

A family of four in Barcelona would have estimated monthly costs (without rent) of $3,166.

It would be $898 for a single person.

Barcelona may be far more affordable than New York City.

The cost of living, including rent, in New York City is 127% higher than in Barcelona.

According to the report, Vienna is another city where millionaires are considering relocating to.

The estimated monthly costs for a family of four, not including rent, are $3,974.

Its $1,163 for a single person.

In the annual list of most liveable cities from theEconomist Intelligence Unit, Vienna took the top spot again.

Rounding out the list of European cities for millionaires is Madrid.

The estimated monthly costs for a family of four in Madrid, not including rent, are $3,974.

For a single person, the estimated monthly costs without rent are $1,163.