Head to head

London vs Mykonos.

🇬🇧 United Kingdom against 🇬🇷 Greece, on tax, residence, cost, and the life. Same model, same year, no brochure.

In short, current to September 2026

  • On $1,000,000 of income, London takes an effective 43% and Mykonos takes 43%, so Mykonos leaves about $974 more in hand each year on Patrician's 2026 model.
  • On a capital gain realized after residence begins, London charges 24% and Mykonos charges 15%. On a $5,000,000 event that is a difference of about $450K.
  • United Kingdom operates a special regime for arriving foreigners: 4 year foreign income and gains regime for new arrivals. Greece operates: Non dom flat tax of €100K a year on all foreign income for 15 years, plus a 7% flat rate for foreign pensioners.
  • Inheritance, what a child pays: 40% in London, 1% to 10% in Mykonos.
  • Route in: London by Founder & talent. Mykonos by Residence by investment, Lump sum residence, Remote work visa.
  • Cost of the life is 96 in London against 108 in Mykonos on Patrician's index where Zurich is 100, and safety 7 against 7 of 10. Both are Patrician editorial indices scored by us, not published statistics.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, London vs Mykonos (Greece): tax, residence and cost 2026, patrician.ch/compare/lon-vs-myk/, September 2026.

LondonMykonos
Effective tax at $300K39%41%
Effective tax at $1M43%43%
Effective tax at $3M44%44%
Kept at $1M$568K$569K
Capital gains24%15%
Inheritance tax, children40%1% to 10%
Cost index (Zurich 100)96108
Safety7/107/10
Schools10/104/10
Sun hours1,6303,050
Supercar street index#12#27
Routes inFounder & talentResidence by investment, Lump sum residence, Remote work visa
Net millionaire inflow 2025 (country, Henley)−16,500+1,200
Flight LondonHome4.2
Flight New York7.810.8

Simplified marginal model, indicative 2026 brackets, non-US single filer, no social contributions, deductions, wealth taxes, or treaties. Inheritance is shown as it falls on a child, current to September 2026.

By profile

How each profile reads.

For an executive on salary

Mykonos (Greece) keeps more of a $1M salary, $974 a year on this model. London answers with schools.

For a founder with an exit

Capital gains: London 24%, Mykonos 15%. Neither city taxes wealth as such.

For a family

London leads on schools and a lower cost, Mykonos (Greece) on sun. Safety is level.

LondonThe full pageMykonosThe full pageRank both on my numbersThe engine, 90 seconds
Questions

Which keeps more of a $1M income, London or Mykonos?

Mykonos, by about $974 a year on Patrician.ch's 2026 model.

London takes an effective 43% of $1,000,000 and Mykonos takes 43%. At $3,000,000 the rates are 44% and 44%.

Which taxes capital gains less, London or Mykonos?

Mykonos, at 15% against 24% in London.

On a $5,000,000 liquidity event realized after residence begins, the difference is about $450K.

Which is better for inheritance, London or Mykonos?

Both tax children. What a child pays: 40% in London, 1% to 10% in Mykonos.

The UK taxes an estate at 40% above £325,000, with a further band for a home left to children. A spouse inherits free. Since April 2025 exposure follows 10 of the last 20 years of residence. Greece taxes children at 1% to 10% above a €150,000 allowance.

Which is cheaper to live in, London or Mykonos?

London, at 96 on the Patrician.ch cost index against 108 for Mykonos, where Zurich is 100.

Safety scores 7 of 10 in London and 7 of 10 in Mykonos, schools 10 and 4. These are Patrician.ch editorial indices, not published statistics.

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The general case, ranked: Where should high earners live in 2026 · Best country to live in if you are rich · Best countries for high earners after tax · Europe · United States

Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

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