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Affording France

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Hswe
2/26/2016 11:58 EST

We are considering moving from Seattle to Paris (me, hubby and three year old), however, hubby makes $150k here and will only make 60k euro in Paris, which is apparently a good salary for the position. Everything I have read tells me Paris is expensive so how in the world do people afford it on the low salaries? We hate to miss the opportunity bit I am feeling like its a bad idea financially.

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adminjosh
2/26/2016 15:05 EST

$150,000 = 137255.85 Euros

Cost of apartments is considerably less in Paris... almost 25% so that is where you should see some savings.

Consumer prices are higher in paris including restaurants.

I agree that it's probably light on the compensation and they are probably trying to leverage the appeal of living in Paris to encourage you to take less money.

What other items are included in the package they are offering?

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brenrem
3/1/2016 23:54 EST

Out of spooky coincidence, I'm also looking at bailing out of Seattle for Paris. I looked at typical salaries for my profession and they seem consistent with what you said. If that's the case, I think I have to stay. But at the high end of our salaries, tax rates go way up to 40% so getting paid more doesn't help much. At the same time, the biggest cost is housing which seems typical around $2000. I'm still trying to wrap my head around this compared to take-home.

The only way I can see it working is by either a short stay or a forever stay. A short stay means that I can break even and it's okay. Or (and this is theory) I can stay forever and they use all that tax money to take care of my old rusty self and family.

It is a beautiful and fun city and so close to amazing places. What I don't know is how I can save for retirement like I'm doing now.

Let me know if you find anything out.

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