Immersed in an enchanting blend of historical grandeur and modern elegance, Rome, the Eternal City, presents a luxurious living canvas for those enthralled by an exquisite life experience. Being one of Italy’s most significant economic hubs, Rome is the dream choice for affluent individuals craving a cultivated lifestyle, indulged in luxurious dishes, exclusive art collections, and elite shopping experiences.
This city boasts of sumptuous living spaces that perfectly amalgamate its ancient architecture with contemporary embellishment. An average apartment in Rome may cost about €4,000 per square meter, but for the more luxurious quarters, this cost can surge to a whopping €10,000 per square meter.
Where Do the Rich Live in Rome?
Generally, the rich in Rome gravitate towards historical city districts with exclusive residential areas. Areas like Parioli, an upscale neighborhood famed for its tranquil setting, leafy avenues, refined eateries, and elegant villas, is a preferred choice among the city’s affluent. This district is also home to Villa Borghese, the city’s largest park, offering a serene mix of nature and art.
Similarly, Prati district, featuring impressive rationalist architecture, is another desired address among high-net-worth individuals. Here, one can find premium apartments with panoramic views of the Vatican City. Aedes neighborhood, by the Spanish Steps, is renowned for its luxury boutiques and is another prime location for elite residence.
Substantial number of Italy’s wealthy individuals also live in other cities of the country such as Milan, Turin, and Florence, all known for their vibrant economic activities, and opulent lifestyle.
Assessing the Cost: Living Luxuriously in Rome
Although Rome is considered one of the more expensive cities in Italy, it still offers good value when compared to other major European capitals. To maintain a comfortable life and accommodate the cost of housing, food, healthcare, transport, and other basic necessities, it is estimated that an individual would need around €2,500 – €3,000 per month.
However, adopting a luxurious lifestyle in Rome requires significantly more. Extravagant dining at Michelin-starred restaurants, enjoying exclusive nightlife, visiting high-end boutiques, and maintaining a lavish residence can easily inflate this budget to more than €5,000 per month.
Luxury Living: Rome vs. Milan and Paris
Indeed, Rome carries prestige in its luxury lifestyle, but how does it compare with other European cities?
When pitted against Milan, Rome typically presents a slightly cheaper option for living – with housing, entertainment, and food prices being slightly lower. However, Milan, being Italy’s fashion and business capital offers its unique advantages.
Compared to Paris, Rome is generally more affordable. While the cost of living might be similar in both cities, purchasing or renting property in Rome is often less expensive. That being said, the choice between Rome and Paris ultimately depends upon one’s preference for culture, lifestyle, and personal financial comfort.
Rome, with its timeless allure, offers a stellar proposition of luxury living. While the cost of embracing such an opulence might be significant, the elite experience this majestic city offers makes the investment truly worthwhile. The key is to remember that luxury does not solely lie in the money you spend, but in the quality of life and experiences you garner in return.
