Paris is one of the most expensive cities in the world, and the cost of living can be quite high, so the budget required to live there can be substantial. However, the amount of money that someone needs to live in Paris can vary depending on various factors, including their lifestyle, income level, housing situation, and personal preferences.
Housing
One of the most significant expenses in Paris is housing. Rent in Paris can be very expensive, especially in the more central and desirable neighborhoods. For a one-bedroom apartment in the city center, the monthly rent could range from €800 to €2,500 or more. However, many people choose to live outside of the city center to save money on housing costs. In these areas, the rent could be between €500 to €1,500 per month for a one-bedroom apartment.
Some more facts would be:
Paris is one of the most expensive cities in the world for rent. According to a 2021 report by Numbeo, the average monthly rent for a one-bedroom apartment in the city center is €1,344.12, and outside the city center, it's €935.18. Reference
The cost of housing in Paris has been steadily rising in recent years. In 2020, rents in Paris increased by 0.7%, and the average price per square meter for an apartment in the city was €10,051.
The most expensive neighborhoods in Paris for rent are the 6th and 7th arrondissements, which are both located on the Left Bank of the Seine. These areas are known for their luxury boutiques, art galleries, and historic landmarks.
In addition to rent, tenants in Paris may also be responsible for paying additional fees, such as a security deposit, agency fees, and utilities. The security deposit can be up to two months' rent, while agency fees can be as much as one month's rent.
It can be difficult to find an apartment in Paris, especially in the more desirable neighborhoods. Many landlords require tenants to have a French guarantor or to pay several months' rent upfront as a deposit.
Some people in Paris choose to live in shared apartments or colocations, where they rent a room in a larger apartment and share common spaces with other tenants. This can be a more affordable option for those on a tight budget.
Despite the high cost of housing in Paris, the city has a large public housing sector that provides affordable housing to low-income residents. In 2020, over 20% of the city's residents lived in social housing.
Food and Groceries
Food is another significant expense, and the cost of groceries can vary depending on where someone shops and what they buy. A basic grocery budget could be around €250 per month for a single person, but this could increase if someone prefers to buy higher-end products or eat out frequently.
Food Options and Eating Out
Paris is known for its high-quality food, and the city offers a wide range of dining options, from Michelin-starred restaurants to casual cafes and bistros.
While exploring food options in Paris, one should keep in mind the following facts:
Eating out in Paris can be expensive, with the cost of a meal at a mid-range restaurant ranging from €15 to €35 per person. However, there are also many affordable options, such as food trucks, street food, and takeaway shops.
Paris has a vibrant food scene, and the city is home to many open-air markets, food halls, and specialty food shops. These offer a wide range of fresh produce, meats, cheeses, and other gourmet products.
Paris is famous for its bakeries and patisseries, which offer a range of delicious bread, pastries, and desserts. A croissant can cost anywhere from €1 to €3, while a baguette can cost between €1 and €2.
In addition to traditional French cuisine, Paris also offers a diverse range of international foods, such as Chinese, Vietnamese, Moroccan, and Lebanese. These can be found in ethnic neighborhoods throughout the city.
Parisians typically eat three meals a day: breakfast (le petit déjeuner), lunch (le déjeuner), and dinner (le dîner). Many also enjoy a mid-afternoon snack (le goûter) or an aperitif before dinner.
Wine is an important part of French culture, and Paris has many wine shops and bars. A glass of wine in a restaurant can cost between €5 and €15, while a bottle of wine in a store can cost between €5 and €20 or more, depending on the quality.
Groceries
The cost of groceries in Paris can vary depending on where you shop and what you buy. The city has many large supermarkets, such as Carrefour and Monoprix, as well as smaller specialty food stores. A basic grocery budget for a single person could be around €250 per month. But you should keep in mind that groceries in Paris can be more expensive than in other cities in France or in neighboring countries, due to the high cost of living and high demand for fresh produce.
Here are some very common facts that you should be keeping in mind:
The most common places to buy groceries in Paris are supermarkets, small neighborhood grocery stores (épiceries), and outdoor markets (marchés). Supermarkets like Carrefour, Monoprix, and Franprix can be found throughout the city, while small neighborhood grocery stores tend to specialize in fresh produce and bakery items.
Parisians tend to shop for groceries several times a week, rather than doing one big weekly shop. This is partly due to the fact that many Parisians have small refrigerators and kitchens, and therefore have less storage space for groceries.
Some of the most popular foods in Paris include bread, cheese, charcuterie (cured meats), fresh fruits and vegetables, and wine. Paris is also known for its pastries and chocolates.
The cost of groceries in Paris can vary depending on where you shop and what you buy. On average, a basic grocery budget for a single person could be around €250 per month. Prices for individual items can range widely, with a baguette costing €1 to €2, a pound of apples costing €1.50 to €3, and a wedge of brie costing €3 to €5.
Many outdoor markets in Paris are open several days a week and offer a wide range of fresh produce, meats, cheeses, and other gourmet products. Some of the most popular markets include the Marché d'Aligre, the Marché Bastille, and the Marché Raspail.
Many supermarkets in Paris offer home delivery or click-and-collect services, allowing customers to order groceries online and either pick them up at the store or have them delivered to their home. Delivery fees can vary depending on the store and the order size.
Transportation
Transportation is also a considerable expense in Paris, but it can be mitigated by using the city's extensive public transportation system. Paris has a comprehensive public transportation system, including metro, buses, and trams. The metro is the most popular mode of transportation in the city, and it is clean, efficient, and relatively inexpensive.
A monthly Navigo pass for unlimited rides on the metro, buses, and RER trains costs around €75. If someone needs to use taxis or ride-sharing services frequently, this could significantly increase their transportation costs.
Some things to keep in mind while choosing your regular mode of transport you should go through the following:
The cost of a single metro ticket (known as a ticket t+) is €1.90, while a book of 10 tickets costs €16.90. Tickets can be used on the metro, buses, and trams, and they are valid for 90 minutes from the time of validation.
Paris also has a bike-sharing system called Vélib', which allows users to rent bikes from stations throughout the city. The cost of a daily Vélib' pass is €5, while a weekly pass costs €15.
Taxis in Paris can be expensive, and fares are regulated by the city. The starting fare for a taxi is €2.60, and the cost per kilometer is €1.06. There is also a supplement for each additional passenger, and for rides to or from the airport.
Paris has two major airports: Charles de Gaulle (CDG) and Orly (ORY). Both airports are connected to the city by public transportation, including trains and buses. The cost of a one-way ticket from CDG to central Paris on the RER B train is €10.30.
The Paris metro system has 16 lines and more than 300 stations, making it easy to get around the city. The metro runs from approximately 5:30 am to 12:30 am, and trains come every 2-3 minutes during peak hours.
Paris also has a number of car-sharing and ride-sharing services, such as Uber and BlaBlaCar, which can be a convenient and affordable way to get around the city.
Utilities
Utilities, including electricity, gas, water, and internet, are essential expenses for residents of Paris. The cost of utilities in Paris can vary depending on the size and location of your apartment or house, as well as your individual usage.
On average, the cost of electricity for a 85 square meter (915 square foot) apartment in Paris is around €80 per month. However, this can vary depending on the time of year and how much electricity you use.
Some key things to keep in mind would be:
The cost of gas for heating and cooking in Paris can range from €60 to €120 per month, depending on usage and the efficiency of your appliances.
Water bills in Paris are based on usage, and the cost can vary depending on the size of your household and your water consumption. On average, a family of four can expect to pay around €40 to €50 per month for water.
The cost of internet in Paris can vary depending on the provider and the speed of your connection. On average, a monthly internet bill in Paris can range from €20 to €40 per month.
In addition to these basic utilities, some Parisians also choose to subscribe to additional services like cable TV, phone plans, or home security systems. The cost of these services can vary depending on the provider and the level of service you choose.
When renting an apartment or house in Paris, it's important to note that some utilities may be included in the rent, while others may be the responsibility of the tenant. Be sure to carefully read your rental agreement to understand which utilities you will need to pay for, and how much they will cost.
Entertainment
Paris is known for its rich culture, art, and entertainment scene, with plenty of options available for both locals and visitors. Some of the most popular forms of entertainment in Paris include visiting museums, attending concerts or theater performances, and dining out at restaurants or cafes.
Some obvious expenses would be:
Admission prices for museums and other cultural attractions in Paris can vary widely, from free to more than €20 per person. Some museums, such as the Louvre and the Musée d'Orsay, offer free admission on the first Sunday of the month.
Concert and theater tickets in Paris can also vary widely in price, depending on the venue, the performer, and the date of the performance. On average, you can expect to pay between €30 and €80 per ticket for a concert or theater performance.
Dining out in Paris can be an expensive proposition, but there are plenty of affordable options available, from street food and cafes to neighborhood bistros and ethnic restaurants. On average, you can expect to pay between €10 and €20 per person for a casual meal, while a three-course dinner at a high-end restaurant can cost upwards of €100 per person.
Movie tickets in Paris can range from around €8 to €15 per person, depending on the theater and the movie you choose to see.
For those who enjoy outdoor activities, there are plenty of parks and gardens throughout Paris that are free to visit. You can also rent a bike or take a boat ride on the Seine River for a relatively affordable price.
In addition to these options, there are also plenty of free or low-cost events and activities taking place throughout Paris, especially during the summer months. Be sure to check local listings and event calendars for more information.
Insurance
Insurance expenses in Paris can vary depending on the type of insurance and the level of coverage you choose. Here are some common types of insurance and their approximate costs in Paris.
Health Insurance
In France, all residents are required to have health insurance, which is provided through a national healthcare system. The cost of health insurance is typically deducted directly from your paycheck, and can range from around 7% to 10% of your gross salary.
Car Insurance
If you own a car in Paris, you'll need to have car insurance to protect against accidents, theft, and other risks. The cost of car insurance in Paris can vary widely depending on factors such as your age, driving history, and the type of car you drive. On average, you can expect to pay around €600 to €800 per year for car insurance in Paris.
Home Insurance
If you own or rent a home in Paris, you'll also need to have home insurance to protect against damage or theft. The cost of home insurance in Paris can vary depending on the size and location of your home, as well as the level of coverage you choose. On average, you can expect to pay between €150 and €300 per year for home insurance in Paris.
Travel Insurance
If you're planning to travel outside of France, it's a good idea to have travel insurance to protect against unexpected events such as illness, injury, or trip cancellation. The cost of travel insurance in Paris can vary depending on factors such as your destination, the length of your trip, and the level of coverage you choose. On average, you can expect to pay around €50 to €100 per person for travel insurance.
Liability Insurance
Liability insurance is designed to protect you in case you accidentally cause damage or injury to someone else. The cost of liability insurance in Paris can vary depending on factors such as the level of coverage you choose and the type of activities you participate in. On average, you can expect to pay around €150 to €300 per year for liability insurance in Paris.
Summary
It's important to note that these are just approximate costs, and your actual insurance expenses may be higher or lower depending on your individual circumstances. It's always a good idea to shop around and compare insurance options to find the best coverage and price for your needs.
Conclusion
Overall, a normal monthly budget for someone living in Paris could be anywhere from €1,500 to €4,000 or more, depending on their lifestyle and living situation. However, this is a very rough estimate, and individual circumstances can vary widely. Someone with a higher income may choose to spend more on rent or entertainment, while someone on a tighter budget may need to make sacrifices in other areas.