Retiring in France with a dollar income?
We are thinking of moving to France in a couple of years. We will be retired with an income between $80k – $100K per year, but are concerned about the strong euro versus the dollar. since transferring two million would result in a loss of about half a million, switching to euro-denominated investments may not be a viable solution. Can anybody offer any advice, suggestions, comments about cost of living comparisons of the feasibility of this plan?
All answers are appreciated
Hi Rex – we are already corresponding – There used to be a really interesting International Salary Calculator online, but is seems this has been grabbed and all the links now point to a sales page for a transport company.
I have found some useful links which may give some guidance, but nothing really accurate and useful. You will find a lot of data about France and other countries from the CIA website https://www.cia.gov/
One fun link which seems relevant is at http://www.easyexpat.com/ , but the really interesting stuff seems to have disappeared now.
From what I am reading and from my personal experience I would guess that the cost of living in France is about 10 percent higher than living in an equivalent city in the United States and about the same as living in the UK. This does not take into account any emotive values such as the “quality of life” or things like the cost and quality of health care, transport or education where I would suggest France is among the top in the world. We certainly do get value for all the taxes and social charges. There ain’t no such thing as a free lunch.
Hope this helps a bit – I am still looking for some more accurate information
Tony
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