Formal:
* Nous vivons (pronounced "noo vee-vohn") - This is the most common and formal way to say "we live."
Informal:
* On vit (pronounced "ohn vee") - This is a more informal and general way to say "we live" and is often used to talk about life in general.
* On habite (pronounced "ohn ah-beet") - This is also informal and means "we live" in the sense of "we reside."
To specify location:
You can add the location after the verb:
* Nous vivons à Paris. (pronounced "noo vee-vohn ah pah-ree") - We live in Paris.
* On vit en France. (pronounced "ohn vee ahn frahnce") - We live in France.
Other possibilities:
* Nous sommes installés à... (pronounced "noo sohm in-stah-lay ah...") - We are settled in... (More formal and suggests permanence)
* On est chez nous. (pronounced "ohn eh sheh noo") - We are home. (Very informal)
The best way to say "we live" in French depends on the context and your desired level of formality.