Paris is one of the greatest cities in the world, world-famous and visited by millions every year. As you might expect, the price to live in such a city can be quite steep, but you might be shocked to find out how expensive the French capital can actually get. We did the research and compiled a list of the most pricy arrondissements (districts in French). Keep in mind that the average price per square meter is 11 000 euros!
4th arrondissement – € 12,226 / m²
Just like most of the expensive parts of Paris, the 4th district is quite central. Hôtel-de-Ville, is how it’s sometimes called. Here you can find some of the most historic and prided artifacts of Paris, including the Notre-Dame, Saint-Jacques Tower and some of the most popular streets and squares, like Place du Chatelet. Needless to say, this is a very historic and beautiful area, that is filled with businesses, things to do, and millions of tourists. It’s relatively inexpensive, compared to the other areas on this list, but keep in mind that living here can be challenging, noisy and hectic.
16th arrondissement – € 12,444 / m²
The seizième is well known to tourists as the area where the Arch of Triumph is. It’s slightly further down the road from the inner city but still considered central. What many visitors to the city don’t know is that this is one of the most popular and coveted neighborhoods in Paris. Many of the rich and famous Parisians choose to live here. It’s a slightly more residential area, compared to the more central districts on our list, and definitely more calm to live in. You will also find the Bois de Boulogne right next-door, and that’s one of the best places in Paris for a walk.
8th arrondissement – € 12,719 / m²
Often referred to as the Élysée, this district is the home of the Champs-Élysées. It’s predominantly a touristy and business-oriented area of town, which means it’s busy and crowded at all times. It’s work pointing out that not many people actually live here, but many people do live here. If you do indeed find yourself with a job in the neighborhood, by all means, consider moving here. However, if that’s not the case, you might want a more residential area to live in. Of course, if you are looking to do some shopping while in Paris and don’t want to walk around with your bags for too long, this is a great place to be.
6th arrondissement – € 13,477 / m²
This arrondissement is often called Luxembourg, and we can see why. It’s cute and charming and a lot of the local intelligentsia congregates there. Here you will find some of the best colleges in town, which of course means that many students live here, at least the wealthy ones. There are a lot of small cafes and bistros, where you can relax with a glass of wine and a great meal. If you can afford it, you should definitely consider living here. It’s the quintessential, romantic Parisian district.
7th arrondissement – € 13,991 / m²
The most expensive district in Paris is often referred to as the Palais-Bourbon. The reason why this are is so pricey is how central and filled to the brim with historic monuments it is. The Eiffel Tower, the Hôtel des Invalides, the Chapel of Our Lady of the Miraculous Meda as well as many of the governmental institutions. The truth is, this part of town is crawling with tourists and officials and businessmen and very few people actually live here. There are better, more residential areas in town where you might prefer to live. However, if you are looking for an office, this is the spot.