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Well some things are way cheaper in US, like gas which makes owning a car cheaper. Most consumer goods are also cheaper due to no VAT and stuff like that. But Europe has things going for it too. Free healthcare and free education being the top 2 areas were you save a ton of money compared to US (literally tens of thousands dollars per year you don’t have to spend).

Commodities might be cheaper overall, but that's like taking a $10,000 paycut for a $1,000 annual perk when you look at all the other crap going on in the US.

A lot of things, like consumer goods, are cheaper, but Europeans aren't paying thousands a month for private health insurance or whatever.