On average, between North America, Europe, Asia, Australia, housing is worth about 2000$ a month.
If I was living someplace where renting a villa was 2 million dollars a year (even a crap one), I would not consider this salary.
Might as well include schooling! Oh, want a pay raise, make another kid! The more the kids, the more the schooling allowance!
The bottom line is the Salary, the rest is relative.