Posts tagged with "expensive"

M1100408 for BERK Communications for use by 360 Magazine

The Vines – Wine Club for Billionaires

As the world continues to adapt to the pandemic, many people are looking for new travel memberships and elite experiences to indulge in–luckily the answer for these individuals is two simple words: The Vines. The Vines is an exclusive explorer’s club and the first worldwide community dedicated to winemaking. Members have the opportunity to travel to the world’s most coveted wine regions and learn the art of winemaking with master practitioners, and even create their unique blends. However, memberships for The Vines are by invitation only. 

For background, in 2005, Michael Evans founded the luxury resort and private vineyard, The Vines of Mendoza, in Argentina. After many years of running the successful resort and having visitors from around the world, Michael decided to develop a sister project: a membership-only program with one goal, get people to know the world by making wine. Michael launched The Vines membership club in early 2020 and it has now evolved globally. The club has outposts and partners in seven regions around the world, including Champagne, Mendoza, Montalcino, Napa Valley, Priorat, The Mosel, and Willamette Valley, and they continue to expand beyond. 

In addition to traveling the world, members of The Vines are sent cases of wine throughout the year and are offered access to curated events centered around wine, food, culture and adventure. Over the course of the next five years, The Vines plans to offer winemaking in 12 different regions, as well as expand beyond winemaking, offering members a series of pop-ups like making Sake in Japan and Mezcal in Mexico.  

The initiation fees are $100,000 and annual dues are $1,500- $3,000 per quarter. Winemaking costs per barrel range from $7,000 to $37,000 based on site. The initial application questionnaire can be found HERE.

Auto Pleyella via Dreweatts Auctioneers for use by 360 Magazine

Dreweatts Auctions David Winston’s Pianos

Dreweatts auctioneers is thrilled to offer the private collection of David Winston, Restorer and Conservator of Pianos to HM the Queen. The collection includes 26 exceptionally rare and important pianos dating from the 18th century to present day. This landmark sale will take place on Thursday, September 23rd, 2021.

Amongst those expected to achieve the highest bids is a rare 1925 Pleyel grand piano fitted with an original ‘Auto Pleyela’ self-playing mechanism, in a spectacular Chinoiserie Louis XV case (estimate £30,000-50,000) and a remarkable double piano from Pleyel, which is one of only 50 ever made. This model, which has a guide price of £40,000-£60,000, was once owned by the concert pianist wife of French writer and minister of culture André Malraux. 

Speaking about the sale, Will Richards, Deputy Chairman of Dreweatts said, “It is rare to see so many exquisite pianos together in one sale. We are proud to offer such an outstanding collection of instruments of such quality, history and craftsmanship. It is also very exciting, as this is the first time the collection has been offered in its entirety. Spanning three centuries of craftsmanship and innovation, this is a historic sale and a wonderful opportunity to own a piece of piano history.” 

Dreweatts pianos have been collected by one of the world’s foremost piano restorers, David Winston, who has restored some of the most valuable pianos in the world, including those owned and played by the greatest names in classical music, including Beethoven, Chopin and Liszt. David Winston has a connoisseur’s eye for exceptional quality and unusual provenance. Many of his pianos are one-off pieces with significant historic importance. His collection represents a lifetime’s passion coupled with an exceptional depth of knowledge and personal involvement. Commenting, he says, “The first thing for me is that it must be something that nobody else has. It must be both an excellent musical instrument and a beautiful object. Each was chosen for its unique place in history, art and culture.”

Among other highlights in the sale is a Wurlitzer 1411 Butterfly grand. At only 4’1” it is one of the smallest 88 note grand pianos ever made. It features an iconic case design, making it one of the most highly sought-after Art Deco instruments of all time (estimate £10,000-£15,000). Another is the first piano ever built by David, a stunning Viennese Fortepiano created in 1991, based on an original by Joseph Brodmann, 1823. A remarkable instrument, the piano has been used internationally in many recordings and concerts by some of the world’s leading musicians (estimate £15,000-£20,000). 

Other covetable instruments include a handsome ship’s piano with folding keyboard, purchased by the RAF WWI Flying ace Captain Norman Macmillan for his wife, the Music Hall singer, Ena Beaumont (estimate £1,500-£2,000).

Bluthner 1854 Paderewski via Dreweatts Auctioneers for use by 360 Magazine

Rare Piano Collection to be Auctioned

Dreweatts auctioneers is to offer an exceptional private collection of rare pianos in a landmark sale on September 23, 2021. The collection was amassed by David Winston, who holds a Royal Warrant as Restorer and Conservator of Pianos to HM the Queen. It is comprised of 26 unique instruments dating from the 18th century to present day.

Amongst those expected to achieve the highest bids is a rare 1925 Pleyel grand piano fitted with an original ‘Auto Pleyela’ self-playing mechanism, in a spectacular Chinoiserie Louis XV case (estimate £40,000-£60,000) and a remarkable double piano from Pleyel, which is one of only 50 ever made. This model, which has a guide price of £30,000-£50,000, was once owned by the concert pianist wife of French writer and minister of culture André Malraux. 

Speaking about the sale, Will Richards, Deputy Chairman of Dreweatts said, “It is rare to see so many exquisite pianos together in one sale. We are proud to offer such an outstanding collection of instruments of such quality, history and craftsmanship. It is also very exciting, as this is the first time the collection has been offered in its entirety. Spanning three centuries of craftsmanship and innovation, this is a historic sale and a wonderful opportunity to own a piece of piano history.”

The pianos have been collected by one of the world’s foremost piano restorers, David Winston, who has restored some of the most valuable pianos in the world, including those owned and played by the greatest names in classical music, including Beethoven, Chopin and Liszt. David Winston has a connoisseur’s eye for exceptional quality and unusual provenance. Many of his pianos are one-off pieces with significant historic importance. His collection represents a lifetime’s passion coupled with an exceptional depth of knowledge and personal involvement.

Commenting, he says, “The first thing for me is that it must be something that nobody else has. It must be both an excellent musical instrument and a beautiful object. Each was chosen for its unique place in history, art and culture.”

Among other highlights in the sale is a Wurlitzer 1411 Butterfly grand. At only 4’1” it is one of the smallest 88 note grand pianos ever made. It features an iconic case design, making it one of the most highly sought-after Art Deco instruments of all time (estimate £10,000-£15,000). Another is the first piano ever built by David, a stunning Viennese Fortepiano created in 1991, based on an original by Joseph Brodmann, 1823. A remarkable instrument, the piano has been used internationally in many recordings and concerts by some of the world’s leading musicians (estimate £15,000-£18,000).

Other covetable instruments include a handsome ship’s piano with folding keyboard, purchased by the RAF WWI Flying ace Captain Norman Macmillan for his wife, the Music Hall singer, Ena Beaumont (estimate £1,500-£2,000).

Dreweatts auctioneers is to offer an exceptional private collection of rare pianos in a landmark sale on September 23, 2021. The collection was amassed by David Winston, who holds a Royal Warrant as Restorer and Conservator of Pianos to HM the Queen. It is comprised of 26 unique instruments dating from the 18th century to present day.

Amongst those expected to achieve the highest bids is a rare 1925 Pleyel grand piano fitted with an original ‘Auto Pleyela’ self-playing mechanism, in a spectacular Chinoiserie Louis XV case (estimate £40,000-£60,000) and a remarkable double piano from Pleyel, which is one of only 50 ever made. This model, which has a guide price of £30,000-£50,000, was once owned by the concert pianist wife of French writer and minister of culture André Malraux. 

Speaking about the sale, Will Richards, Deputy Chairman of Dreweatts said, “It is rare to see so many exquisite pianos together in one sale. We are proud to offer such an outstanding collection of instruments of such quality, history and craftsmanship. It is also very exciting, as this is the first time the collection has been offered in its entirety. Spanning three centuries of craftsmanship and innovation, this is a historic sale and a wonderful opportunity to own a piece of piano history.”

 The pianos have been collected by one of the world’s foremost piano restorers, David Winston, who has restored some of the most valuable pianos in the world, including those owned and played by the greatest names in classical music, including Beethoven, Chopin and Liszt. David Winston has a connoisseur’s eye for exceptional quality and unusual provenance. Many of his pianos are one-off pieces with significant historic importance. His collection represents a lifetime’s passion coupled with an exceptional depth of knowledge and personal involvement.

Commenting, he says, “The first thing for me is that it must be something that nobody else has. It must be both an excellent musical instrument and a beautiful object. Each was chosen for its unique place in history, art and culture.”

Among other highlights in the sale is a Wurlitzer 1411 Butterfly grand. At only 4’1” it is one of the smallest 88 note grand pianos ever made. It features an iconic case design, making it one of the most highly sought-after Art Deco instruments of all time (estimate £10,000-£15,000). Another is the first piano ever built by David, a stunning Viennese Fortepiano created in 1991, based on an original by Joseph Brodmann, 1823. A remarkable instrument, the piano has been used internationally in many recordings and concerts by some of the world’s leading musicians (estimate £15,000-£18,000).

Other covetable instruments include a handsome ship’s piano with folding keyboard, purchased by the RAF WWI Flying ace Captain Norman Macmillan for his wife, the Music Hall singer Ena Beaumont (estimate £1,500-£2,000).

With a body of work such as this, it’s bound to be an excellent auction.

dolphin via Mina Tocalini for use by 360 Magazine

The Arkup

By: Skyler Johnson

When looking at the house on 400 Alton Road in South Beach, Miami, you might not see anything too spectacular given the surrounding area. Sure, it doesn’t fit perfectly into the surrounding architectural styles but it’s still a nice postmodern villa on the water. What makes this house different is that it doesn’t just stay docked at 400 Alton Road but instead is able to move around the water. Yes, this house is not only a house but also a boat, known colloquially as a “floating villa.” 

The Arkup has 4 bedrooms and 4.5 baths, with plenty of space for everything from crew quarters to an outdoor shower. The ship even contains room to dock another boat. Because of Miami’s infamous hurricanes, the boats come with the ability to be raised 18 feet above the water. 

The biggest draw is that it’s fully self-sustainable, and has 36 kW of solar capacity and 182 kW in the battery, with the average home only needing 14-20 kW. This is definitely the house of the future, especially when you consider rising sea levels. 

The house, while being unique, is also beautiful, and comes fully furnished with luxurious postmodern stylings and contains a seamless interior/exterior design with plenty of window space to allow for natural lighting, all powered by the solar panels and the ship’s battery. 

They’re also developing more houses that are just like The Arkup, which are some of the few where you can decide where you want your ship to go, so long as it’s an accessible port. Of course, these houses don’t come cheap. They cost 5.5 million dollars as of now, but the company does intend on building more affordable ships as time continues. So if you don’t happen to have the 5.5 million dollars necessary to buy an Arkup right now, you may soon be able to.

Rolls-Royce Cullinan article illustration by Kaelen Felix for 360 MAGAZINE

Rolls-Royce Cullinan

Vaughn Lowery × Hannah DiPilato

Photos by Jeff Langlois

Illustration by Kaelen Felix

Just after winning the 2020 NBA Championship, 360 Magazine got the chance to pilot the new Rolls-Royce Cullinan in a glamorous royal violet. This new edition takes the prize for being one of the most deluxe SUVs on the market, defining the post-opulence of the brand.

Priced at about $340,350, the massive machine encompasses greatness, class and refinement. This bespoke vehicle focuses on the purest craftsmanship by retaining the same DNA as its brothers and sisters. Its name comes from the exquisite Cullinan diamond, so it is clear that wealth is featured in all fields.

During a sunset in Malibu, 360 Magazine was pleased to witness the extravagance of the SUV first hand and was able to record its faultless driving capabilities. A film, by Jeff Langlois, is featured on both our Instagram and YouTube and exhibits the impeccable excursion from a birds-eye perspective.

Design

The skeleton is a perfect marriage of sophistication and power, bringing a classic SUV composition to an all-new level. The striking purple exterior ensures travelers will arrive poshly to any event. The panoramic glass roof is designed for a sensation of the outdoors, while the privacy glass allows passengers to remain discreet. Twenty-two-inch wheels, partly polished to two spokes, allow effortless driving while remaining tasteful.

Every interior of the vehicle is not only exquisite, but unique because of the customizable characteristics the driver can choose to meet all their desires. The cabin is equipped with leather seats and sheep wool carpets. Its interior details are decorated with delicate wooden trim and moulded aluminum accents.

Technology

The Rolls-Royce Cullinan has the most current technology that perfectly correlates with the ride’s complex elements. With a spacious back seat, buyers can select the Center Console option that allows passengers sitting in the back to activate a massage feature. With this option, the middle seat has been replaced with a central console which features a cooling tray, perfect for holding champagne flutes or a whiskey carafe.

All models possess a large tactile infotainment system and Apple CarPlay. There is an available entertainment option for the backseat which boasts a 12.0-inch screen so the backseat riders will never grow bored. This model is also equipped with a WiFi access point and a custom audio system with 18 speakers. Of course, the interior roof can feature the classic Rolls-Royce star-studded ceiling which dazzles anyone who receives the honor of being a passenger.

Performance

With a 6.7-litre twin-turbo V-12 engine, the car delivers 563 horsepower noise-free. Thanks to the unique soundproofing glass, the drive is quiet in all terrains. The silent yet powerful engine allows a fast and enjoyable journey. According to Car and Driver, it can reach a speed of 60 mph in only 4.5 seconds.

The Cullinan is equipped with all-wheel drive and is able to tackle the most difficult terrain, ideal for steep driveways. The air suspension alongside of a road-scanning camera allows the vehicle to adjust its height to avoid road imperfections.

Safety

The beautifully developed vehicle not only looks gorgeous, but has safety features that will make riders feel secure. The car has driver assistance technology, including night vision. It also includes a standard forward-collision warning with automated emergency braking, a standard lane departure warning with lane support, and a standard adaptive cruise control.

More safety features include blind-spot detection, information about speed limits, approaching pedestrians and preventing rear-end collisions. These components ensure all riders’ safety and have been designed by experts for reliability.

Ergonomics

The all-around aspects of the Rolls-Royce Cullinan combine to deliver the ultimate in comfort and efficiency. The V-12 engine uses 12 mpg when driving in the city and 20 mpg on the freeway. This exceeds the Bentley Bentayga and the Mercedes-AMG G63, both in the same category. With an 8-speed automatic transmission, driving at ease is this automobile’s responsibility. It has 571 horsepower at 5000 rpm and 627 lb-ft of torque at 1600 rpm. Not only is this vehicle designed with panache, but it has been constructed tactically to be capable and dynamic. Drivers will be enamored by this magic carpet ride while clawing to the road. A limited warranty that covers four years and unlimited mileage is included, so you never need to stress about upkeep.

Legacy

Embodying precision, this is a top for everyone who wants to drive a luxury SUV, no matter who you are. Celebrities like Kylie Jenner, Justin Bieber, Jennifer Lopez and 50 Cent were all seen cruising with the vehicle, proving this brand is supreme. From a young, savvy business person to a prosperous family with a toddler and a pooch, this lavish, well-rounded mode of transportation appeals to everyone.

Pre-order.

Rolls-Royce Photograph for 360 Magazine via Jeff Langlois
Rolls-Royce Photograph for 360 Magazine via Jeff Langlois
Rolls-Royce Photograph for 360 Magazine via Jeff Langlois
MELANIE GRIFFITH’S TIFFANY & CO. DIAMOND AND PEARL BRACELETS PHOTO

Kruse GWS Auctions’ World Record

The world-record-breaking auction house, Kruse GWS Auctions, specializing in entertainment memorabilia, fine jewelry, iconic fashion accessories, Royal artifacts, antiques and collectibles, has announced another world record. On Saturday, December 5, 2020, the Oscar-nominated actress Melanie Griffith’s 48.00ctw Diamond, 8.5mm Pearl and Solid Platinum Pair of Antique Bracelets from her mother, Tippi Hedren, sold for $156,250 during the “Billionaire’s Estate & Royal Auction” event. The final bid marks the highest price paid for Tiffany & Co. jewelry at auction.

The pair of solid platinum, diamond and pearl antique bracelets personally owned by film star Melanie Griffith come with quintessential Hollywood provenance of having been gifted to her by her mother, iconic Hollywood actress Tippi Hedren, who famously won a Golden Globe Award for her iconic role in Alfred Hitchcock’s “The Birds.” The bracelets are collectively embellished with approximately 48ctw round and old European cut fiery white diamonds and are lined with eight 8.5mm pearls each. The bracelets were sold with a personal letter from Griffith’s famous mother and are housed in a fitted box. The bracelets measure 7” in length and 2.15” wide and are marked Tiffany & Co.

“Melanie Griffith is a true American fashion and film icon. These bracelets are so exquisite, our auction house recognized immediately they are fine art in the form of fine jewelry and we were proud to set a world record with their sale,” said Dame Brigitte Kruse. “They represent the highest level of Americana; being made at the peak of craftsmanship by iconic American jewelry company Tiffany & Co. and being gifted from iconic American actress Tippi Hendren to her daughter, fellow iconic American actress Melanie Griffith. Kruse GWS Auctions was thrilled to be trusted with such a remarkable opportunity. The sale of the beautiful Diamond and Platinum bracelet secured a new world record as well as a placement in a museum.”

ABOUT KRUSE GWS AUCTIONS, INC.

Kruse GWS Auctions is the world-record breaking auction house specializing in Hollywood Memorabilia, Fine Jewelry, Master Timepieces, Royal Artifacts, Luxury Vehicles, Antiques and Collectibles.  Founder Dame Brigitte Kruse is the first auctioneer to be knighted by a Royal Family, the first female auctioneer to be recognized by the Guinness Book of World Records and is a member of the Forbes Los Angeles Business Council.

Fifth-generation auctioneer Kruse recently co-founded iSynergy Network, a group of innovative industry leaders providing a platform and solutions for entrepreneurs within a network of professionals across interconnected industries “for the betterment of all.” The global auction house has been featured around the world for sales of such notable items as Elvis Presley’s personal jet, Marilyn Monroe’s famous black wool dress, Marlon Brando’s historic watch, Italian Renaissance philosopher Machiavelli’s estate in Florence, and the 14th century celadon bowl owned by the last Empress of Vietnam.  www.gwsauctions.com

Rolex from Christine's New York

Christie’s New York Rare Watches New York: Online

Christie’s New York announces Rare Watches New York: Online. From November 24 to December 10, Christie’s New York will feature a selection of important vintage and modern timepieces celebrating the most renowned manufactures such as Patek Philippe, Rolex, Cartier, F.P. Journe, Audemars Piguet and many more.

Curated with passion, the sale comprises incredible rarities, including a magnificent Patek Philippe reference 1463 in pink gold retailed by Serpico Y Laino ($400,000-600,000), an extremely rare Patek Philippe Nautilus reference 3800 in pink gold ($250,000-450,000), and a magnificently preserved Rolex reference 6236 now known as “Jean Claude Killy” ($240,000-440,000), after the celebrated Olympic skier and Rolex ambassador.

The auction will present a great selection of Rolex Daytona chronographs, led by a reference 6263 with Paul Newman “Panda” dial showing attractive signs of tropicalization ($300,000-500,000). An iconic variant, Rolex wristwatches with Paul Newman “Panda” dials are widely sought-after and considered part of the most elegant designs ever created by the Rolex manufacture.

With a Patek Philippe selection of great depth, the sale will include an example of the iconic reference 2499 in yellow gold ($350,000-450,000) and a selection of important pocket watches; two highly attractive minute repeating pocket watches with American calendar, reference 843 ($120,000-180,000) and 699/2 ($100,000-300,000), and the possibly unique reference 947/1 pocket chronometer ($100,000-200,000) with spring detent escapement and minute repeating mechanism.

 “Going into this season, we made the deliberate decision to combine our live and online auction into one comprehensive online sale, which will represent the highest valued online watches sale ever offered at Christie’s. The sale will also be the first Christie’s auction to offer a timepiece valued with an estimate of $400,000-600,000,” said Remi Guillemin, a Specialist at Christie’s Watches.

Throughout this year, we have witnessed an increased comfort level of digital transactions, and with the recent record success of our recent Dubai and Geneva online sales, we felt that this model is best suited to meet our clients’ evolving needs. We have seen incredible engagement from current collectors and new buyers alike. This sale offers timepieces that will appeal to clients looking to begin their collection as well as collectors looking for watches of the utmost rarity; there is truly something for everyone,” continued Guillemin.

Four reasons why Original Medicare is too expensive

By Christian Worstell, licensed insurance agent and Senior Writer for MedicareAdvantage.com.

As the Medicare Annual Enrollment Period approaches (AEP, also called the fall Medicare Open Enrollment Period), some Medicare beneficiaries may think the enrollment period for private Medicare plans is not relevant to them because they can’t afford a private Medicare plan. I’m here to tell you otherwise. It may actually be Original Medicare that you can’t afford.

There are at least four reasons why Original Medicare — Part A and Part B — may actually be harsher on your wallet than private Medicare plans like a Medicare Advantage (Part C) plan or a Medicare Part D prescription drug plan.

1. Original Medicare doesn’t have an annual out-of-pocket spending limit

Original Medicare offers a lot of benefits. But one thing you won’t find is an out-of-pocket spending limit for all those benefits.

Neither Medicare Part A nor Part B contain an annual out-of-pocket spending limit. That means there is no limit to the amount of money you can spend on Medicare deductibles, copayments and coinsurance over the course of the year. Depending on what types of health care services you need, these costs can add up quickly. Meanwhile, privately sold Medicare Advantage plans are required by law to include an annual out-of-pocket spending limit. For 2021, this limit is $7,550 for the year. And due to market competition, some plans may feature limits that are less than that amount. 

Once you spend $7,500 on deductibles, copayments and coinsurance for qualified care, your plan pays for 100% of your out-of-pocket costs for covered care for the remainder of the year. 

2. Many Medicare Advantage plans feature $0 premiums

90% of Medicare Advantage plans in 2020 include prescription drug coverage. These plans are called Medicare Advantage Prescription Drug (MA-PD) plans. In 2020, nearly half (49%) of all MA-PD plans came with no monthly premium. If you have a $0 premium Medicare Advantage Prescription Drug plan, the only monthly premium you likely have to pay is your Medicare Part B premium, which you would still have to pay anyway if you stick with Original Medicare. (Most beneficiaries aren’t required to pay a Part A premium. If you are, you’d still have to pay those premiums if you have a $0 premium Medicare Advantage plan). 

So with a $0 premium MA-PD plan, there’s no extra monthly premium for you to pay. Your premiums are the same as they would be in Original Medicare.

3. Many Medicare Advantage plans offer extra benefits 

For as much as Original Medicare covers, it has several glaring holes: it doesn’t typically cover routine dental or vision coverage, and it doesn’t typically offer prescription drug coverage. 

But dental, vision and prescription drug coverage are three extra benefits that some Medicare Advantage plans may offer. As mentioned above, 9 in 10 Medicare Advantage plans covered prescription drugs in 2020. If you are enrolled only in Original Medicare, how — and how much — are you paying for things like routine dental care, vision care and prescriptions? 

A Medicare Advantage plan that bundles these benefits into one plan may be more cost effective for you.

4. Medicare drug coverage can help you save money

I mentioned drug coverage above, but given the skyrocketing cost of medications, it’s worth repeating. Paying for your prescription drugs entirely out of pocket can put you at a substantial financial risk. Medicare beneficiaries have two choices for Medicare drug coverage: enroll in a Medicare Advantage plan that includes prescription drug coverage, or enroll in a standalone Medicare Part D plan. Both offer prescription drug coverage with typically low copayments for generic drugs. 

Depending on the plans available where you live, you may be able to find a plan that offers more benefits at the same monthly premium cost with annual spending protection. If you think the Annual Enrollment Period doesn’t apply to you because Original Medicare is all you can afford, you may want to think again.

Most Expensive States For Speeding

The United States is a vast nation connected by the automobile. But while our car culture helps connect the far reaches of the country to each other, it also comes with some clear limitations. Like how fast you can travel whilst zipping from the Grand Canyon to the Great Smoky Mountains on your cross-country road trip. And few things can ruin a vacation quite like getting slapped with a speeding ticket.

However, depending on where you get it, a speeding ticket can range from a minor annoyance to a significant financial burden. A $20 fine isn’t always a huge burden to bear, but relatively few Americans can afford to fit an unexpected fee of $300 into their normal budget. So, before you set out on your great American road trip, it might be worth learning how much a ticket would cost you in the states along your route.

To determine this, GOBankingRates delved into the cost of a speeding ticket in each state using data from GoCompare.com’s Harsher Penalties 2018 study. The GOBankingRates study then compared the cost of a ticket for traveling 13 mph over the posted speed limit for a first-time offender and assuming no additional fees established a ranking of the expected cost by state.

UK Households Spending More Than They Earn

  • UK cost of living for a four-person family is £60,000 per year – 103 per cent of average household income
  • UK housing and utility costs have risen by 13 per cent1
  • The global study found the most affordable expat country for families is Sweden

Today, new research by leading price comparison website MoneySuperMarket reveals that the UK is the most expensive location to raise a family. The running costs associated with a four-person family in the UK exceeded those of Spain, USA, Germany and Sweden due to the high costs of rent, utility bills and groceries2.

The data is based on the average monthly cost of property, utility bills and grocery shopping for a family with two children in 10 locations. These locations are some of the most popular destinations for the British public to emigrate to. MoneySuperMarket also ranked the costs against the countries’ average full time salary, to reveal the percentage of salary two working adults must put towards household expenses. In the UK, the average cost of a four-person family is more than twice the combined total of two adults’ salaries4.

Popular expat destinations with lower living costs

With lower utility bills (£94.41 per month), heavily subsidised pre-school costs (£230.34) and a standard average monthly rent of £1,149.40, Sweden is the only country analysed where a single parent can comfortably afford to have two children, working out as 87 per cent of the average working salary5. Based on two adults with two children it’s even more affordable, eating into less than half (43 per cent) of the combined salaries.

The full ranking of the affordable global cities to raise a family, including a breakdown of all metrics, can be seen below:

Global cost of raising a four-person family

Changing costs over time

On average, the weekly food shop has lowered in price for families over the last 16 years, from £236 to £232. However, spending on both housing and utilities, and household goods and services, has increased by 11 per cent overall. In 2001, the average monthly cost of housing and utilities per person in the UK was £277.77, but by 2017 this figure had risen by 13 per cent to £314.82. Due to these rises, the cost of raising a family in the UK has become more expensive.

For more information on the most affordable countries to move to, check out the MoneySuperMarket report around the changes in UK household spending over time.