I have a lot of friends who went the opposite direction of you, and chose a cheaper but more fulfilling life in Europe.
Instead of making 200k a year in the us, they make modest salaries and rent 100-year-old farmhouse flats that Americans would call a slum. They drive economy cars and spend their ample time socializing or outdoors.
My personal opinion is that Europeans simply place a higher priority on social interaction and incorporate it into their daily lives. Many of them have more modest financial aspirations, and don't expect to ever own a house, vacation property, or boat.
I basically explain this by comparing my life (US of A) to my sisters (EU). My sister makes great money - my sister spends ALL of this great money. she lives paycheck-to-paycheck which in US would mean she is poor, in EU she is living large (just came back from UAE, heading to Kenya in a couple of weeks, January Macedonia and Austria…). I make 789x what she does and put away 60+% - been doing this for 25 years now, almost done with working though