The FIRE number in Europe, 2026: 53 places at local prices and tax

Europe, place by place.

What a $150K New York year needs as capital in each of the 53 places in Europe on the board, priced at local cost and after the local tax on gains.

In short, current to October 2026

A year that costs $150K at New York prices needs $1.94M in Prague and $5.70M in Cap Ferrat, at a 4% withdrawal rate. In New York itself it needs $4.63M.
21 of the 53 places levy no tax on a resident's gains on listed securities: Prague, Athens, Valletta, Hvar, Limassol, Andorra la Vella and 15 more.
26 levy an annual wealth tax on a portfolio, which the number leaves out: Madrid, Palma, Barcelona, Rome, Milan and 21 more.

Each address on this page was last checked against its sources between 29 September 2026 and 8 October 2026. The sources for each are named on its page and in the record.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 8 October 2026. Cite as: Patrician.ch, The FIRE number in Europe, 2026: 53 places at local prices and tax, patrician.ch/answers/fire-number-europe/, October 2026.

Place by place

The number in Europe.

Place	A $150K New York year, there	The number at 4%	Tax on gains	Wealth tax	Sun hours
Prague	$78K	$1.94M	0%	None	1,700
Athens	$81K	$2.01M	0%	None	2,800
Valletta	$92K	$2.29M	0%	None	3,000
Hvar	$97K	$2.43M	0%	None	2,726
Limassol	$97K	$2.43M	0%	None	3,300
Tivat	$90K	$2.47M	17%	None	2,400
Lisbon	$86K	$2.50M	28%	None	2,800
Andorra la Vella	$111K	$2.78M	0%	None	2,500
Madrid	$97K	$2.83M	28%	Yes	2,770
Palma	$97K	$2.83M	28%	Yes	2,800
Gibraltar	$114K	$2.85M	0%	None	2,800
Barcelona	$100K	$2.91M	28%	Yes	2,520
Vienna	$103K	$2.98M	27.5%	None	1,900
Cascais	$103K	$2.99M	28%	None	2,800
Rome	$104K	$2.99M	26%	Yes	2,500
Milan	$108K	$3.11M	26%	Yes	1,900
Quinta do Lago	$108K	$3.15M	28%	None	3,000
Tuscany	$111K	$3.19M	26%	Yes	2,450
Lucerne	$128K	$3.19M	0%	Yes	1,530
Zug	$128K	$3.19M	0%	Yes	1,600
Munich	$111K	$3.20M	26.4%	None	1,900
Lugano	$132K	$3.30M	0%	Yes	2,100
Vaduz	$132K	$3.30M	0%	Yes	1,600
Marbella	$114K	$3.31M	28%	Yes	3,000
Luxembourg	$122K	$3.41M	21%	None	1,600
Provence	$114K	$3.46M	35.4%	Property only	2,800
Montreux	$139K	$3.47M	0%	Yes	1,900
Zurich	$139K	$3.47M	0%	Yes	1,690
Geneva	$144K	$3.61M	0%	Yes	1,890
Jersey	$146K	$3.65M	0%	None	2,090
Nice	$122K	$3.71M	35.4%	Property only	2,700
Mykonos	$150K	$3.75M	0%	None	3,050
London	$133K	$3.79M	24%	None	1,630
Paris	$132K	$4.01M	35.4%	Property only	1,660
Kitzbühel	$139K	$4.03M	27.5%	None	1,900
Verbier	$164K	$4.10M	0%	Yes	1,900
Gstaad	$167K	$4.17M	0%	Yes	1,570
Zermatt	$167K	$4.17M	0%	Yes	1,650
Cortina d'Ampezzo	$146K	$4.19M	26%	Yes	2,100
Cannes	$139K	$4.22M	35.4%	Property only	2,700
Ibiza	$146K	$4.24M	28%	Yes	3,000
Monaco	$174K	$4.34M	0%	None	2,700
St. Moritz	$174K	$4.34M	0%	Yes	1,800
Forte dei Marmi	$160K	$4.59M	26%	Yes	2,400
Megève	$153K	$4.64M	35.4%	Property only	1,900
Lake Como	$164K	$4.71M	26%	Yes	1,900
Capri	$167K	$4.79M	26%	Yes	2,600
Portofino	$174K	$4.99M	26%	Yes	2,400
Saint-Tropez	$167K	$5.06M	35.4%	Property only	2,800
Amalfi Coast	$178K	$5.11M	26%	Yes	2,550
Porto Cervo	$181K	$5.19M	26%	Yes	2,550
Courchevel	$181K	$5.48M	35.4%	Property only	1,900
Cap Ferrat	$188K	$5.70M	35.4%	Property only	2,700

A year that costs $150K at New York prices, priced at each place's cost level (the Patrician.ch cost index, an editorial index, Zurich = 100), a 4% withdrawal rate, half of each sale counted as gain, taxed at the place's rate on a resident's listed securities. Wealth tax is not in the number. Run your own year.

Questions

The short answers.

Where in Europe is the number lowest?

On these settings, in Prague, Athens and Valletta.

They need $1.94M, $2.01M and $2.29M for a year that costs $150K at New York prices, at a 4% withdrawal rate with half of each sale counted as gain.

Which place in Europe gets the most sun?

Limassol, with about 3,300 hours of sun a year.

Its number on the same settings: $2.43M. Sun is a Patrician.ch editorial index, in hours a year.

Is wealth tax in the number?

No.

26 of these places levy one on a portfolio of listed securities, and the table marks each. Each place's wealth tax page sets out the rule.

Is this financial advice?

No.

It is arithmetic on published rates and on the settings above. Published comparison research, not tax, legal or financial advice.

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