Moving to Paris is a dream for many, but living in this iconic city comes with a price. Known for its world-class culture, cuisine and charm, Paris is also one of the most expensive cities in the world. For expats considering a move, understanding the cost of living is crucial for budgeting and financial planning. Let’s break down the various expenses you can expect, from housing and transportation to dining and healthcare. Get a clear picture of what it’s like to live in Paris.
Table of contents
Cost of living in Paris
Renting and buying in Paris
Housing is the most significant expense for expats in Paris. Rental prices vary greatly depending on the neighbourhood, size and type of property. As of 2024, renting a one-bedroom apartment in the city centre averages around 1,300 € to 2,500 € per month. In more affordable areas outside the city centre, prices can drop to between 900 € and 1,500 € per month. If you are looking to buy, expect to pay around 11,000 € per square meter in central areas like Le Marais or Saint-Germain-des-Près. In more affordable neighbourhoods like Montreuil or Saint-Ouen, prices can be as low as 6,500 € per square meter.
> You might be interested in this article: Guide to renting a flat in Paris
Cost of living for a family vs a couple
The cost of living in Paris varies depending on your lifestyle and household size. For a family of four, you can expect monthly expenses (excluding rent) be around 3,965 €. This includes groceries, dining out, transportation, utilities, and miscellaneous expenses. For a couple, the cost is generally lower, with monthly expenses averaging at 2,234 €. Paris is 5.4% less expensive than London and 23.3% less expensive than New York, excluding rent.
Transportation costs
Paris offers an extensive public transportation system than is both efficient and relatively affordable. A monthly Navigo Pass, which provides unlimited access to buses, metros, and trams, costs around 84.10 €. Taxis and ride-sharing services like Uber are also available, though they can be expensive, especially during peak hours. For those who prefer driving, be aware that parking in Paris can be both challenging and costly.
Dining out
Dining out in Paris can be an unforgettable experience, but it can also be pricey. A meal at a mid-range Parisian brasserie might cost around 25 € to 40 € per person, while a three-course meal for two at a higher-end restaurant could cost around 130 € or more.
Healthcare costs
France is known for its excellent healthcare system, which is available to expats through public or private options. Public healthcare costs are partially covered by the French social security system, with most resident paying around 30% of the total cost for services like doctor visits and prescriptions. Private healthcare insurance is also available and is often recommended for expats to cover additional costs. Expect to pay between 50 € to 150 € per month for private health insurance, depending on your coverage needs.
> You might be interested in this article: Healthcare for retired expat living in France
The most expensive vs. most affordable neighbourhoods in Paris
Paris is a city known for its diversity and charm, with each arrondissement offering a unique blend of culture, history and lifestyle. However, this diversity also extends to property prices, with some neighbourhoods commanding sky-high prices while others remain more accessible. Understanding the difference between these neighbourhoods is crucial for expats looking to find a home that fits their budget and lifestyle.
The most expensive neighbourhoods
Paris’s most prestigious and expensive neighbourhoods are often found in the central arrondissements, where history, luxury and convenience converge.
6th Arrondissement (Saint-Germain-des-Près): Known for its intellectual history, chic boutiques, and picturesque streets, the 6th arrondissement is one of Paris’s most coveted areas. Property prices here are among the highest in the city often exceeding 14,000 € per square meter. The charm of its historic buildings, coupled with its proximity to the Luxembourg Gardens and the Seine, makes it a desirable, but costly, location.
7th Arrondissement (Eiffel Tower area): The 7th arrondissement is synonymous with elegance and prestige, home to the Eiffel Tower, the Musée d’Orsay, and numerous embassies. This area attracts affluent residents, and property prices reflects its status, often reaching upwards of 15,000 € per square meter. The neighbourhoods quiet, leafy streets and grand Haussmannian buildings offer an exclusive, tranquil lifestyle in the heart of Paris.
8th Arrondissement (Champs-Élysées): The 8th Arrondissement is famous for the Champs-Élysées, one of the world’s most iconic avenues. This area is a hub of luxury shopping, fine dining, and business, attracting both wealthy locals and international buyers. Property prices can easily surpass 13,000 € per square meter, making it one of Paris’s most expensive areas. The combination of its central location and upscale amenities ensures its continued appeal.
The most affordable neighbourhoods
While Paris is known for its high cost of living, some neighbourhoods offer more affordable options without sacrificing the Parisian experience.
18th Arrondissement (Montmartre): Montmartre, located in the 18th arrondissement, is known for its artistic heritage, bohemian vibe and breathtaking views from the Sacré-Cœur Basilica. Despite its popularity with tourist, Montmartre remains relatively affordable compared to central Paris, with property prices averaging around 9,000 € per square meter. The neighbourhoods winding streets and artistic history make it a lively and attractive option for expats.
19th Arrondissement (La Villette): The 19th arrondissement offers a different slice of Parisian life, with a more local feel. This area is home to the Parc des Buttes-Chaumont and the Canal de l’Ourcq, providing ample green spaces and a slower pace of life. Property prices here are among the most affordable in Paris, averaging around 7,500 € per square meter. The 19th arrondissement’s appeal lies in its community-oriented atmosphere and relative affordability, making it an ideal choice for families and those looking for more space.
20th Arrondissement (Mélilmontant Belleville): The 20th arrondissement, particularly the neighbourhoods of Ménilmontant and Belleville, offers some of the most affordable housing options in Paris. Known for their multicultural atmosphere, artistic flair, and thriving music scene, these areas are increasingly popular among young professionals and artists. Property prices in the 20th arrondissement average around 8,000 € per square meter, providing a more budget-friendly alternative while still offering a vibrant, authentic Parisian lifestyle.
> You might be interested in this article: Where do most expats live in Paris?
Final notes
Living in Paris as an expat comes with its share of expenses, but for many, the cultural richness, lifestyle and opportunities the city offers are well worth the cost. By understanding the various factors that contribute to the cost of living, from housing and transportation to dining and healthcare, you can better prepare for your move and enjoy all that Paris has to offer. Whether you are a family, a couple or a single professional, careful budgeting and planning will ensure that you can make the most of your Parisian experience without breaking the bank.
Price resources from Numbeo and SeLoger.com
