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Great food, nice environment, easy to get around, lots of events happening
Exactly the tourist mirage, the beaten path, it's a theme park more than a fully functioning economy... but when you look at the lifestyle of the common resident and get out of common spaces the facade starts to reflect the numbers.
I think many spots could offer a better QOL than most of the US if you're already set monetarily and just want a quiet hang, but if you're at all enterprising or considering your kids future it makes sense why euros seem so beaten down.
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Odd; I've never worked there, but have visited, and the quality of life seems very high. Great food, nice environment, easy to get around, lots of events happening. I think they've solved the bandwidth issue - last year in Germany and surrounding countries I got a travel SIM and had 5G access most places I went, good service.