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We are often asked as advisors how much it costs to live in France, especially when comparing it to other countries. The answer, of course, varies widely based on individual needs—it's a bit like asking, how long is a piece of string?
For example, I once met someone who couldn’t possibly live without a €5,000 per month clothes allowance, and I also know friends who live on less than €1,000 per month. The budget above is based on a couple.
So much of the cost depends on the area in which you live. One town’s cost of living may be vastly different from the next. Here are a few questions to consider:
The budget above is based on renting rather than purchasing. So, if you owned your property and had healthcare provided through the French state rather than privately, these costs could drop to less than €1,500 per month.
If you return to your country of origin regularly or have a passion for travel, expect your costs to be higher.
The above table provides a good indication and is a great starting point, but each situation is different.
At Beacon, we can help you plan for your life in France by looking at your savings and pensions, ensuring that you’re making the very most of your assets. You can rest easy knowing that everything is in the right place and that there won’t be any unexpected tax surprises later on.
If you would like further details or to have a confidential discussion about your own personal situation, then please do not hesitate to contact us.
Before you engage us, we’ll get to know you to make sure we’re a good fit in terms of understanding what is most important to you.
After our discovery call, we will summarise our understanding of your current situation and the key objectives which will ensure we're aligned with your goals.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We will implement your plan, constantly monitor and report on the performance to ensure your private wealth is optimised and aligned with your goals and working for you. Additionally, we’ll provide you with regular statements and a half yearly review to ensure that you remain up to date with any investment or tax changes and that we continue deliver for the long term.
