A luxury marketplace, dubbed the ‘Amazon for millionaires’, has created the Luxury European City Index, to rank the continent’s cities based on factors such as the number of Michelin Star restaurants, five-star hotels and supercars, as well as the average cost of luxury living. The marketplace was able to use this data to assign a ‘Glam rating’ to each location, which is proportional to the size of each city. Monaco topped the list, with Copenhagen and Paris named as the second and third most luxurious destinations in Europe.
Monaco has been revealed as the most luxurious city in Europe, after a luxury marketplace analysed data, such as the number of Michelin Star restaurants per square kilometre and number of supercars per thousand motorists, to create a ‘Glam European City Index’.
The index, created by HushHush.com, ranks European cities on how luxurious they are by using data on the number of luxury leisure facilities, products and lifestyle options they have per square kilometre. The results of this data analysis were then applied to each location as a ‘Glam Rating’, which is proportional to the size of each city.
The five most luxurious European cities and their ‘Glam Rating’ per square kilometre, are:
- Monaco – 1687.00
- Copenhagen – 10.03
- Paris – 10.02
- Lisbon – 8.55
- Barcelona – 5.08
To create an equal ranking across the cities, HushHush.com’s concierge travel team divided the total number of Michelin Star restaurants, five-star hotels and supercars, as well as the average cost of luxury living, by the total square kilometres of each city. Monaco has a total square kilometre measurement of 2.1km2, meaning that despite lower numbers across the restaurant and hotel metrics, it had a higher ‘Glam Rating’ than any other city.
The full list and a complete breakdown of the ‘Luxury European City Index’ can be found here.
The cost of luxury living for each city was calculated by tracking pricing data for; going out, eating out, groceries, driving, taxis/public transport, leisure memberships, utilities, rent, childcare and auxiliary goods/services. The data revealed that living in Monaco was more than 148% more expensive than its closest cost-of-living rival, London (€19,289), with an average monthly cost of €47,853. Oslo was the third most expensive luxury living destination, with an average cost of €18,668 per month.
To find out how much it costs to travel to each destination, HushHush tracked average Booking.com prices for ‘top rated’ package holidays in 2021. A luxury holiday to Monaco costs €4,272 per person, while a trip to Copenhagen costs €2,920, on average. A top rated package holiday to Paris costs an average of €5,377 per person.
Offering one of the most exclusive marketplaces and VIP concierge services, HushHush.com connects a growing list of the world’s most wealthy consumers with luxury brands and products. HushHush.com collates some of the best unique luxury products available, from superyachts to hypercars to luxury villas and private islands, and partners with sellers to reach their audience.
Aaron Harpin, founder of HushHush.com, said: “At HushHush we deal in all things luxury, and I think we can all agree that nothing says luxury quite like Monte Carlo. I have to admit I wasn’t surprised to see Monaco at the top of the list, however I was surprised to see the rest of the rankings throughout the index, especially with Dublin and Edinburgh being ranked higher than London.
“Hopefully any glam travellers in search of some inspiration can use our index to decide on their next European getaway – even if it doesn’t involve crossing any oceans!”