Not really. You have to compare the equivalent rarity between the two countries. He's describing a 99th percentile income in the UK. The 99th percentile income in the US is $350K. It's not even close.

https://www.visualcapitalist.com/cp/charting-income-distribu...

Thanks for the link I guess... I'm not sure why this data is anymore useful alone, like I said, in a discussion about cost of living without cost of health care, taxes, etc. Your response perfectly illustrates my previous point, that having a discussion about an incredibly nuanced and specific comparison for cost of living (look at the post title) is made difficult by people who just say "Look at this thing here, it means I'm right! All I need to prove my point about cost of living is X". Man, I love throw away accounts.

Regulations stifle anything that deals with consumers directly.

You aren't in a bubble, there just aren't many. There are tech companies but they're largely copies of US companies built for the local market (DoorDash -> Deliveroo, Uber/Lyft -> Bolt, etc). Europe has twice the number of people so there should be twice the number of notable companies but it's a small fraction instead.

The US has a history of innovation and a culture of ambition, drive, and seeking financial independence. Europe is more concerned with regulation and bureaucracy.

Nr of people is irrelevant. Nr of people speaking same language and having similar culture is relevant. Also nr of steps to break into markets of each eu country

The US median wealth and income (PPP adjusted) is at or near the top. The 75th percentile is significantly higher than all other countries because educated knowledge workers are building products that are used by the entire world.

Maybe somewhat, but mostly it means that the US is an economic powerhouse with a lot of companies that provide global value (see: basically every tech company).

Yes that too. It also has some of the best quality companies which accounts for a lot of it, but even then it is still pretty extreme.