Cost of living in Faenza
Faenza, a charming city in Italy, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering moving to or visiting the city.
This guide provides a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20.86 on average, with a range between $15.64 and $26.07.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $73.01, with prices ranging from $62.58 to $114.73.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.43, with a range between $9.39 and $11.47.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.17 to $6.26, imported beer $4.17 to $6.26, cappuccino $1.46 to $2.61, and Coke/Pepsi $2.09 to $3.65.
Grocery Prices
- Milk - Milk is priced between $0.99 and $1.97 per liter, averaging $1.25.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.25 and $3.13, with an average price of $2.8.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $6.26, averaging $3.63.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.04 to $2.8 per kg, while oranges range from $2.09 to $4.17 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.56 and $3.13 per kg, and lettuce costs $1.04 to $1.56 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.77 and $1.95 per liter.
- Taxi Fares - Taxi fares start at $5.21, with a cost of $1.15 to $1.34 per km and $25.03 to $28.89 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs approximately $25,031.34, while a Toyota Corolla is priced at $33,896.61.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $260.74 and $761.37 monthly, averaging $584.06.
- International Primary School, Yearly for 1 Child - Yearly tuition for an international primary school is $15,644.59.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $186.64 and $417.19, averaging $261.29.
- Internet - Internet services range from $26.07 to $33.38, with an average cost of $27.58.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $5.21 and $15.63, averaging $11.37.
Cost of Living Rankings
The cost of living indices for Italy are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Italy, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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Childcare
"Key Takeaways"
Faenza offers a moderate cost of living with reasonable prices for dining and groceries.
Transportation costs are relatively low, especially for fuel, but car purchases can be expensive.
Housing and utility costs are significant, particularly for families considering private education.
Conclusion
In conclusion, Faenza presents a balanced cost of living with affordable dining and grocery options.
While transportation and utilities are manageable, potential residents should plan for higher housing and education expenses.
Overall, Faenza is an attractive option for those seeking a blend of cultural richness and modern amenities.